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www.icongrouponline.com ©2008 ICON Group International, Inc. The 2009-2014 Outlook for Depilatories in India by Professor Philip M. Parker, Ph.D. Chaired Professor of Management Science INSEAD (Singapore and Fontainebleau, France)

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Page 1: Depilatories in INdia

www.icongrouponline.com ©2008 ICON Group International, Inc.

The 2009-2014 Outlook for Depilatories in India

by Professor Philip M. Parker, Ph.D.

Chaired Professor of Management Science INSEAD (Singapore and Fontainebleau, France)

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COPYRIGHT NOTICE 00015213-8G

All of ICON Group International, Inc. publications are copyrighted. Copying our publications in whole or in part, for whatever reason, is a violation of copyright laws and can lead to penalties and fines. Should you want to copy tables, graphs or other materials from our publications, please contact us to request permission. ICON Group International, Inc. often grants permission for very limited reproduction of our publications for internal use, press releases, and academic research. Such reproduction requires, however, confirmed permission from ICON Group International, Inc. Please read the full copyright notice, disclaimer, and user agreement provisions at the end of this report.

IMPORTANT DISCLAIMER Neither ICON Group International, Inc. nor its employees or the author of this report can be held accountable for the use and subsequent actions of the user of the information provided in this publication. Great efforts have been made to ensure the accuracy of the data, but we can not guarantee, given the volume of information, accuracy. Since the information given in this report is forward-looking, the reader should read the disclaimer statement and user agreement provisions at the end of this report.

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About the Author Dr. Philip M. Parker is the Chaired Professor of Management Science at INSEAD where he has taught courses on global competitive strategy since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA, UCSD, and the Hong Kong University of Science and Technology. Professor Parker is the author of six books on the economic convergence of nations. These books introduce the notion of “physioeconomics” which foresees a lack of global convergence in economic behaviors due to physiological and physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic Growth" (MIT Press 2000). He has also published numerous articles in academic journals, including, the Rand Journal of Economics, Marketing Science, the Journal of International Business Studies, Technological Forecasting and Social Change, the International Journal of Forecasting, the European Management Journal, the European Journal of Operational Research, the Journal of Marketing, the International Journal of Research in Marketing, and the Journal of Marketing Research. He is also on the editorial boards of several academic journals. Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille) and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology and economics (minor in aeronautical engineering). He has consulted and/or taught courses in Africa, the Middle East, Asia, Latin America, North America and Europe.

About this Series The estimates given in this report were created using a methodology developed by and implemented under the direct supervision of Professor Philip M. Parker, the Chaired Professor of Management Science, at INSEAD. The methodology relies on historical figures across states or union territories. Reported figures should be seen as estimates of past and future levels of latent demand.

Acknowledgements Some of the methodologies and research approaches used in this report have benefited from the R&D Committee at INSEAD, whose research support is gratefully acknowledged.

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About ICON Group International, Inc. ICON Group International, Inc.’s primary mission is to assist managers with their international information needs. U.S.-owned and operated, ICON Group has published hundreds of multi-client databases and global/regional market data, industry, and country publications. Global/Regional Management Studies: Summarizing over 190 countries, management studies are generally organized into regional volumes and cover key management functions. The human resource series covers minimum wages, child labor, unionization, and collective bargaining. The international law series covers media control and censorship, search and seizure, and trial justice and punishment. The diversity management series covers a variety of environmental context drivers that effect global operations. These include women’s rights, children’s rights, discrimination/racism, and religious forces and risks. Global strategic planning studies cover economic risk assessments, political risk assessments, foreign direct investment strategy, intellectual property strategy, and export strategies. Financial management studies cover taxes and tariffs. Global marketing studies focus on target segments (e.g. seniors, children, women) and strategic marketing planning. Country Studies: Often managers need an in-depth, yet broad and up-to-date understanding of a country’s strategic market potential and situation before the first field trip or investment proposal. There are over 190 country studies available. Each study consists of analysis, statistics, forecasts, and information of relevance to managers. The studies are continually updated to insure that the reports have the most relevant information available. In addition to raw information, the reports provide relevant analyses which put a more general perspective on a country (seen in the context of relative performance vis-à-vis benchmarks). Industry Studies: Companies are racing to become more international, if not global in their strategies. For over 2000 product/industry categories, these reports give the reader a concise summary of latent market forecasts, pro-forma financials, import competition profiles, contacts, key references, and trends across 200 countries of the world. Some reports focus on a particular product and region (up to four regions per product), while others focus on a product within a particular country.

ICON Group Customer Service 7404 Trade Street San Diego, CA 92121 USA Fax: 1-858-635-9414 E-mail: [email protected] www.icongrouponline.com

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Table of Contents 1 INTRODUCTION 9

1.1 Overview 9 1.2 What is Latent Demand and the P.I.E.? 9 1.3 The Methodology 10

1.3.1 Step 1. Product Definition and Data Collection 11 1.3.2 Step 2. Filtering and Smoothing 12 1.3.3 Step 3. Filling in Missing Values 12 1.3.4 Step 4. Varying Parameter, Non-linear Estimation 12 1.3.5 Step 5. Fixed-Parameter Linear Estimation 13 1.3.6 Step 6. Aggregation and Benchmarking 13

2 SUMMARY OF FINDINGS 15 2.1 The Latent Demand in India 15 2.2 Top 100 Cities Sorted By Rank 16 2.3 Latent Demand by Year in India 19

3 ANDAMAN & NICOBAR ISLANDS 20 3.1 Latent Demand by Year - Andaman & Nicobar Islands 20 3.2 Cities Sorted by Rank - Andaman & Nicobar Islands 21 3.3 Cities Sorted By District - Andaman & Nicobar Islands 21

4 ANDHRA PRADESH 22 4.1 Latent Demand by Year - Andhra Pradesh 22 4.2 Cities Sorted by Rank - Andhra Pradesh 23 4.3 Cities Sorted By District - Andhra Pradesh 28

5 ARUNACHAL PRADESH 33 5.1 Latent Demand by Year - Arunachal Pradesh 33 5.2 Cities Sorted by Rank - Arunachal Pradesh 34 5.3 Cities Sorted By District - Arunachal Pradesh 34

6 ASSAM 35 6.1 Latent Demand by Year - Assam 35 6.2 Cities Sorted by Rank - Assam 36 6.3 Cities Sorted By District - Assam 38

7 BIHAR 42 7.1 Latent Demand by Year - Bihar 42 7.2 Cities Sorted by Rank - Bihar 43 7.3 Cities Sorted By District - Bihar 46

8 CHANDIGARH 49 8.1 Latent Demand by Year - Chandigarh 49 8.2 Cities Sorted by Rank - Chandigarh 50 8.3 Cities Sorted By District - Chandigarh 50

9 CHHATTISGARH 51 9.1 Latent Demand by Year - Chhattisgarh 51 9.2 Cities Sorted by Rank - Chhattisgarh 52 9.3 Cities Sorted By District - Chhattisgarh 54

10 DADRA & NAGAR HAVELI 57 10.1 Latent Demand by Year - Dadra & Nagar Haveli 57 10.2 Cities Sorted by Rank - Dadra & Nagar Haveli 58 10.3 Cities Sorted By District - Dadra & Nagar Haveli 58

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11 DAMAN & DIU 59 11.1 Latent Demand by Year - Daman & Diu 59 11.2 Cities Sorted by Rank - Daman & Diu 60 11.3 Cities Sorted By District - Daman & Diu 60

12 DELHI 61 12.1 Latent Demand by Year - Delhi 61 12.2 Cities Sorted by Rank - Delhi 62 12.3 Cities Sorted By District - Delhi 63

13 GOA 65 13.1 Latent Demand by Year - Goa 65 13.2 Cities Sorted by Rank - Goa 66 13.3 Cities Sorted By District - Goa 67

14 GUJARAT 68 14.1 Latent Demand by Year - Gujarat 68 14.2 Cities Sorted by Rank - Gujarat 69 14.3 Cities Sorted By District - Gujarat 74

15 HARYANA 80 15.1 Latent Demand by Year - Haryana 80 15.2 Cities Sorted by Rank - Haryana 81 15.3 Cities Sorted By District - Haryana 83

16 HIMACHAL PRADESH 87 16.1 Latent Demand by Year - Himachal Pradesh 87 16.2 Cities Sorted by Rank - Himachal Pradesh 88 16.3 Cities Sorted By District - Himachal Pradesh 89

17 JAMMU & KASHMIR 91 17.1 Latent Demand by Year - Jammu & Kashmir 91 17.2 Cities Sorted by Rank - Jammu & Kashmir 92 17.3 Cities Sorted By District - Jammu & Kashmir 93

18 JHARKHAND 94 18.1 Latent Demand by Year - Jharkhand 94 18.2 Cities Sorted by Rank - Jharkhand 95 18.3 Cities Sorted By District - Jharkhand 97

19 KARNATAKA 100 19.1 Latent Demand by Year - Karnataka 100 19.2 Cities Sorted by Rank - Karnataka 101 19.3 Cities Sorted By District - Karnataka 106

20 KERALA 113 20.1 Latent Demand by Year - Kerala 113 20.2 Cities Sorted by Rank - Kerala 114 20.3 Cities Sorted By District - Kerala 118

21 LAKSHADWEEP 122 21.1 Latent Demand by Year - Lakshadweep 122 21.2 Cities Sorted by Rank - Lakshadweep 123 21.3 Cities Sorted By District - Lakshadweep 123

22 MADHYA PRADESH 124 22.1 Latent Demand by Year - Madhya Pradesh 124 22.2 Cities Sorted by Rank - Madhya Pradesh 125

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22.3 Cities Sorted By District - Madhya Pradesh 133 23 MAHARASHTRA 143

23.1 Latent Demand by Year - Maharashtra 143 23.2 Cities Sorted by Rank - Maharashtra 144 23.3 Cities Sorted By District - Maharashtra 152

24 MANIPUR 160 24.1 Latent Demand by Year - Manipur 160 24.2 Cities Sorted by Rank - Manipur 161 24.3 Cities Sorted By District - Manipur 161

25 MEGHALAYA 162 25.1 Latent Demand by Year - Meghalaya 162 25.2 Cities Sorted by Rank - Meghalaya 163 25.3 Cities Sorted By District - Meghalaya 163

26 MIZORAM 164 26.1 Latent Demand by Year - Mizoram 164 26.2 Cities Sorted by Rank - Mizoram 165 26.3 Cities Sorted By District - Mizoram 165

27 NAGALAND 166 27.1 Latent Demand by Year - Nagaland 166 27.2 Cities Sorted by Rank - Nagaland 167 27.3 Cities Sorted By District - Nagaland 167

28 ORISSA 168 28.1 Latent Demand by Year - Orissa 168 28.2 Cities Sorted by Rank - Orissa 169 28.3 Cities Sorted By District - Orissa 172

29 PONDICHERRY 176 29.1 Latent Demand by Year - Pondicherry 176 29.2 Cities Sorted by Rank - Pondicherry 177 29.3 Cities Sorted By District - Pondicherry 177

30 PUNJAB 178 30.1 Latent Demand by Year - Punjab 178 30.2 Cities Sorted by Rank - Punjab 179 30.3 Cities Sorted By District - Punjab 182

31 RAJASTHAN 186 31.1 Latent Demand by Year - Rajasthan 186 31.2 Cities Sorted by Rank - Rajasthan 187 31.3 Cities Sorted By District - Rajasthan 192

32 SIKKIM 197 32.1 Latent Demand by Year - Sikkim 197 32.2 Cities Sorted by Rank - Sikkim 198 32.3 Cities Sorted By District - Sikkim 198

33 TAMIL NADU 199 33.1 Latent Demand by Year - Tamil Nadu 199 33.2 Cities Sorted by Rank - Tamil Nadu 200 33.3 Cities Sorted By District - Tamil Nadu 217

34 TRIPURA 235 34.1 Latent Demand by Year - Tripura 235

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34.2 Cities Sorted by Rank - Tripura 236 34.3 Cities Sorted By District - Tripura 236

35 UTTAR PRADESH 238 35.1 Latent Demand by Year - Uttar Pradesh 238 35.2 Cities Sorted by Rank - Uttar Pradesh 239 35.3 Cities Sorted By District - Uttar Pradesh 254

36 UTTARANCHAL 269 36.1 Latent Demand by Year - Uttaranchal 269 36.2 Cities Sorted by Rank - Uttaranchal 270 36.3 Cities Sorted By District - Uttaranchal 271

37 WEST BENGAL 273 37.1 Latent Demand by Year - West Bengal 273 37.2 Cities Sorted by Rank - West Bengal 274 37.3 Cities Sorted By District - West Bengal 280

38 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 287 38.1 Disclaimers & Safe Harbor 287 38.2 ICON Group International, Inc. User Agreement Provisions 288

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Introduction 9

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1 INTRODUCTION

1.1 OVERVIEW This study covers the latent demand outlook for depilatories across the states, union territories and cities of India. Latent demand (in millions of U.S. dollars), or potential industry earnings (P.I.E.) estimates are given across over 4,400 cities in India. For each city in question, the percent share the city is of it’s state or union territory and of India as a whole is reported. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. This statistical approach can prove very useful to distribution and/or sales force strategies. Using econometric models which project fundamental economic dynamics within each state or union territory and city, latent demand estimates are created for depilatories. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually all of the cities in India). This study gives, however, my estimates for the latent demand, or the P.I.E., for depilatories in India. It also shows how the P.I.E. is divided and concentrated across the cities and regional markets of India. For each state or union territory, I also show my estimates of how the P.I.E. grows over time. In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on strategic planning at graduate schools of business. Another reason why sales do not equate to latent demand is exchange rates. In this report, all figures assume the long-run efficiency of currency markets. Figures, therefore, equate values based on purchasing power parities across countries. Short-run distortions in the value of the dollar, therefore, do not figure into the estimates. Purchasing power parity estimates of country income were collected from official sources, and extrapolated using standard econometric models. The report uses the dollar as the currency of comparison, but not as a measure of transaction volume. The units used in this report are: US $ mln.

1.2 WHAT IS LATENT DEMAND AND THE P.I.E.? The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if India is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability). The latent demand for depilatories in India is not actual or historic sales. Nor is latent demand future sales. In fact, latent demand can be either lower or higher than actual sales if a market is inefficient (i.e., not representative of relatively competitive levels). Inefficiencies arise from a number of factors, including the lack of international openness, cultural barriers to consumption, regulations, and cartel-like behavior on the part of firms. In general, however, latent demand is typically larger than actual sales in a market. For reasons discussed later, this report does not consider the notion of “unit quantities”, only total latent revenues (i.e., a calculation of price times quantity is never made, though one is implied). The units used in this report are U.S. dollars not adjusted for inflation (i.e., the figures incorporate inflationary trends). If inflation rates vary in a

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substantial way compared to recent experience, actually sales can also exceed latent demand (not adjusted for inflation). On the other hand, latent demand can be typically higher than actual sales as there are often distribution inefficiencies that reduce actual sales below the level of latent demand. As mentioned in the introduction, this study is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. In fact, all the current products or services on the market can cease to exist in their present form (i.e., at a brand-, R&D specification, or corporate-image level) and all the players can be replaced by other firms (i.e., via exits, entries, mergers, bankruptcies, etc.), and there will still be latent demand for depilatories at the aggregate level. Product and service offerings, and the actual identity of the players involved, while important for certain issues, are relatively unimportant for estimates of latent demand.

1.3 THE METHODOLOGY In order to estimate the latent demand for depilatories across the states or union territories and cites of India, I used a multi-stage approach. Before applying the approach, one needs a basic theory from which such estimates are created. In this case, I heavily rely on the use of certain basic economic assumptions. In particular, there is an assumption governing the shape and type of aggregate latent demand functions. Latent demand functions relate the income of a state or union territory, city, household, or individual to realized consumption. Latent demand (often realized as consumption when an industry is efficient), at any level of the value chain, takes place if an equilibrium is realized. For firms to serve a market, they must perceive a latent demand and be able to serve that demand at a minimal return. The single most important variable determining consumption, assuming latent demand exists, is income (or other financial resources at higher levels of the value chain). Other factors that can pivot or shape demand curves include external or exogenous shocks (i.e., business cycles), and or changes in utility for the product in question. Ignoring, for the moment, exogenous shocks and variations in utility across geographies, the aggregate relation between income and consumption has been a central theme in economics. The figure below concisely summarizes one aspect of problem. In the 1930s, John Meynard Keynes conjectured that as incomes rise, the average propensity to consume would fall. The average propensity to consume is the level of consumption divided by the level of income, or the slope of the line from the origin to the consumption function. He estimated this relationship empirically and found it to be true in the short-run (mostly based on cross-sectional data). The higher the income, the lower the average propensity to consume. This type of consumption function is labeled "A" in the figure below (note the rather flat slope of the curve). In the 1940s, another macroeconomist, Simon Kuznets, estimated long-run consumption functions which indicated that the marginal propensity to consume was rather constant (using time series data). This type of consumption function is shown as "B" in the figure below (note the higher slope and zero-zero intercept).1 The average propensity to consume is constant.

1 For a general overview of this subject area, see Principles of Macroeconomics by N. Gregory Mankiw, South-Western College Publishing; ISBN: 0030340594; 2nd edition (February 2002).

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Is it declining or is it constant? A number of other economists, notably Franco Modigliani and Milton Friedman, in the 1950s (and Irving Fisher earlier), explained why the two functions were different using various assumptions on intertemporal budget constraints, savings, and wealth. The shorter the time horizon, the more consumption can depend on wealth (earned in previous years) and business cycles. In the long-run, however, the propensity to consume is more constant. Similarly, in the long run, households with no income eventually have no consumption (wealth is depleted). While the debate surrounding beliefs about how income and consumption are related is interesting, in this study a very particular school of thought is adopted. In particular, we are considering the latent demand for depilatories across the states or union territories and cities of India. The smallest cities have few inhabitants. I assume that all of these cities fall along a "long-run" aggregate consumption function. This long-run function applies despite some of these states or union territories having wealth; current income dominates the latent demand for depilatories. So, latent demand in the long-run has a zero intercept. However, I allow different propensities to consume (including being on consumption functions with differing slopes, which can account for differences in industrial organization, and end-user preferences). Given this overriding philosophy, I will now describe the methodology used to create the latent demand estimates for depilatories in India. Since ICON Group has asked me to apply this methodology to a large number of categories, the rather academic discussion below is general and can be applied to a wide variety of categories and geographic locations, not just depilatories in India.

1.3.1 Step 1. Product Definition and Data Collection Any study of latent demand requires that some standard be established to define “efficiently served”. Having implemented various alternatives and matched these with market outcomes, I have found that the optimal approach is to assume that certain key indicators are more likely to reflect efficiency than others. These indicators are given greater weight than others in the estimation of latent demand compared to others for which no known data are available. Of the many alternatives, I have found the assumption that the highest aggregate income and highest income-per-capita markets reflect the best standards for “efficiency”. High aggregate income alone is not sufficient (i.e. some cities have high aggregate income, but low income per capita and can not assumed to be efficient). Aggregate income can be operationalized in a number of ways, including gross domestic product (for industrial categories), or total disposable income (for household categories; population times average income per capita, or number of households times average household income).

Latent Demand

Income

B

A

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Latent demand is therefore estimated using data collected for relatively efficient markets from independent data sources (e.g. Official Chinese Agencies, the World Resources Institute, the Organization for Economic Cooperation and Development, various agencies from the United Nations, industry trade associations, the International Monetary Fund, Euromonitor, Mintel, Thomson Financial Services, the U.S. Industrial Outlook, and the World Bank). Depending on original data sources used, the definition of “depilatories” is established. In the case of this report, the data were reported at the aggregate level, with no further breakdown or definition. In other words, any potential product or service that might be incorporated within depilatories falls under this category. Public sources rarely report data at the disaggregated level in order to protect private information from individual firms that might dominate a specific product-market. These sources will therefore aggregate across components of a category and report only the aggregate to the public. While private data are certainly available, this report only relies on public data at the aggregate level without reliance on the summation of various category components. In other words, this report does not aggregate a number of components to arrive at the “whole”. Rather, it starts with the “whole”, and estimates the whole for all states or union territories and cities in India (without needing to know the specific parts that went into the whole in the first place). Given this caveat, this study covers “depilatories” as defined by the NAICS coding system (pronounced “nakes”). For a complete definition of depilatories, please refer to the Web site at http://www.icongrouponline.com/codes/NAICS.html. The NAICS code for depilatories is 325620G3A1. It is for this definition of depilatories that the aggregate latent demand estimates are derived for the states or union territories and cities of India.

1.3.2 Step 2. Filtering and Smoothing Based on the aggregate view of depilatories as defined above, data were then collected for as many geographic locations as possible for that same definition, at the same level of the value chain. This generates a convenience sample of indicators from which comparable figures are available. If the series in question do not reflect the same accounting period, then adjustments are made. In order to eliminate short-term effects of business cycles, the series are smoothed using an 2 year moving average weighting scheme (longer weighting schemes do not substantially change the results). If data are available for a geographic region, but these reflect short-run aberrations due to exogenous shocks (such as would be the case of beef sales in a state or union territory or city stricken with foot and mouth disease), these observations were dropped or "filtered" from the analysis.

1.3.3 Step 3. Filling in Missing Values In some cases, data are available on a sporadic basis. In other cases, data may be available for only one year. From a Bayesian perspective, these observations should be given greatest weight in estimating missing years. Assuming that other factors are held constant, the missing years are extrapolated using changes and growth in aggregate national, state or union territory and city-level income. Based on the overriding philosophy of a long-run consumption function (defined earlier), states or union territories and cities which have missing data for any given year, are estimated based on historical dynamics of aggregate income for that geographic entity.2

1.3.4 Step 4. Varying Parameter, Non-linear Estimation

2 This report was prepared from a variety of sources including excerpts from documents and official reports or databases published by the Official Chinese Agencies, the World Bank, various national agencies, the International Monetary Fund, the Central Intelligence Agency, various agencies from the United Nations (e.g. ILO, ITU, UNDP, etc.), the U.S. Department of Commerce, the U.S. State Department, and non-governmental sources, including ICON Group International, Inc., Euromonitor, the US Resources Institute, Mintel, the U.S. Industrial Outlook, and various public sources cited in the trade press.

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Given the data available from the first three steps, the latent demand is estimated using a “varying-parameter cross-sectionally pooled time series model”.3 Simply stated, the effect of income on latent demand is assumed to be constant unless there is empirical evidence to suggest that this effect varies (i.e., . the slope of the income effect is not necessarily same for all states or union territories or cities). This assumption applies along the aggregate consumption function, but also over time (i.e., not all states or union territories or cities in India are perceived to have the same income growth prospects over time). Another way of looking at this is to say that latent demand for depilatories is more likely to be similar across states or union territories or cities that have similar characteristics in terms of economic development. This approach is useful across geographic regions for which some notion of non-linearity exists in the aggregate cross-region consumption function. For some categories, however, the reader must realize that the numbers will reflect a state’s, union territory’s or city’s contribution to latent demand in India and may never be realized in the form of local sales.

1.3.5 Step 5. Fixed-Parameter Linear Estimation Nonlinearities are assumed in cases where filtered data exist along the aggregate consumption function. Because India has more than 5,000 cities, there will always be those cities, especially toward the bottom of the consumption function, where non-linear estimation is simply not possible. For these cities, equilibrium latent demand is assumed to be perfectly parametric and not a function of wealth (i.e., a city’s stock of income), but a function of current income (a city’s flow of income). In the long run, if a state or union territory has no current income, the latent demand for depilatories is assumed to approach zero. The assumption is that wealth stocks fall rapidly to zero if flow income falls to zero (i.e., cities which earn low levels of income will not use their savings, in the long run, to demand depilatories). In a graphical sense, for low income cities, latent demand approaches zero in a parametric linear fashion with a zero-zero intercept. In this stage of the estimation procedure, a low-income city is assumed to have a latent demand proportional to its income, based on the cities closest to it on the aggregate consumption function.

1.3.6 Step 6. Aggregation and Benchmarking Based on the models described above, latent demand figures are estimated for all major cities in India. These are then aggregated to get state or union territory totals. This report considers a city as a part of the regional and national market. The purpose is to understand the density of demand within a state or union territory and the extent to which a city might be used as a point of distribution within its state or union territory. From an economic perspective, however, a city does not represent a population within rigid geographical boundaries. To an economist or strategic planner, a city represents an area of dominant influence over markets in adjacent areas. This influence varies from one industry to another, but also from one period of time to another. I allocate latent demand across areas of dominant influence based on the relative economic importance of cities within its state or union territory. Not all cities (e.g. the smaller towns) are estimated within each state or union territory as demand may be allocated to adjacent areas of influence. Since some cities have higher economic wealth than others within the same state or

3 The interested reader can find longer discussions of this type of modeling in Studies in Global Econometrics (Advanced Studies in Theoretical and Applied Econometrics V. 30), by Henri Theil, et al., Kluwer Academic Publishers; ISBN: 0792336607; (June 1996), and in Principles of Econometrics, by Henri Theil John Wiley & Sons; ISBN: 0471858455; (December 1971), and in Econometric Models and Economic Forecasts by Robert S. Pindyck, Daniel L. Rubinfeld McGraw Hill Text; ISBN: 0070500983; 3rd edition (December 1991).

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union territory, a city’s population is not generally used to allocate latent demand. Rather, the level of economic activity of the city vis-à-vis others is used. Figures are rounded, so minor inconsistencies may exist across tables.

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2 SUMMARY OF FINDINGS Based on the methodology described above, the latent demand for depilatories in India is estimated to be $37.6 million in 2009. The distribution of the latent demand (or potential industry earnings) in India, however, is not evenly distributed across regions. Maharashtra is the largest market with $5.1 million or 13.60 percent, followed by Uttar Pradesh with $4.4 million or 11.60 percent, and then Gujarat with $3.1 million or 8.23 percent of the latent demand in India. In essence, if firms target these top 3 regions, they cover some 33.43 percent of the latent demand for depilatories in India.

2.1 THE LATENT DEMAND IN INDIA The Latent Demand for Depilatories (US $ mln): 2009

State / Territory Latent Demand US $ mln % of India _________________________________________________________________________________________________________ Maharashtra 5.108 13.6 Uttar Pradesh 4.357 11.6 Tamil Nadu 3.518 9.4 Gujarat 3.090 8.2 West Bengal 2.934 7.8 Andhra Pradesh 2.730 7.3 Madhya Pradesh 2.154 5.7 Karnataka 1.929 5.1 Rajasthan 1.743 4.6 Delhi 1.324 3.5 Kerala 1.232 3.3 Haryana 1.167 3.1 Orissa 1.090 2.9 Punjab 1.081 2.9 Chhattisgarh .765 2.0 Bihar .659 1.8 Assam .581 1.5 Jharkhand .566 1.5 Uttaranchal .300 0.8 Himachal Pradesh .269 0.7 Jammu & Kashmir .228 0.6 Goa .131 0.3 Chandigarh .113 0.3 Pondicherry .099 0.3 Nagaland .085 0.2 Tripura .069 0.2 Meghalaya .068 0.2 Manipur .058 0.2 Mizoram .042 0.1 Arunachal Pradesh .035 0.1 Andaman & Nicobar Islands .019 0.1 Sikkim .008 0.0 Daman & Diu .006 0.0 Dadra & Nagar Haveli .005 0.0 Lakshadweep .003 0.0 Total 37.569 100.0 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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The Latent Demand for Depilatories (US $ mln): 2009

Maharashtra

Uttar Pradesh

Tamil Nadu

Gujarat

West Bengal

Andhra PradeshOthers

2.2 TOP 100 CITIES SORTED BY RANK Top 100 Cities Sorted By Rank in India

City (population) State / Territory Rank US $ mln % of India _________________________________________________________________________________________________________ Greater Mumbai (13,260,463) Maharashtra 1 1.495 3.98 Delhi Municipal Corporation (12,068,136) Delhi 2 1.014 2.70 Ahmedabad (3,958,866) Gujarat 3 0.635 1.69 Kolkata (4,920,397) West Bengal 4 0.605 1.61 Chennai (4,475,653) Tamil Nadu 5 0.551 1.47 Hyderabad M. Corp (3,683,925) Andhra Pradesh 6 0.477 1.27 Bangalore (4,638,086) Karnataka 7 0.472 1.26 Surat (2,740,838) Gujarat 8 0.439 1.17 Kanpur (2,885,313) Uttar Pradesh 9 0.331 0.88 Pune (2,827,041) Maharashtra 10 0.319 0.85 Jaipur (2,679,759) Rajasthan 11 0.310 0.82 Lucknow (2,515,213) Uttar Pradesh 12 0.288 0.77 Nagpur (2,283,074) Maharashtra 13 0.257 0.69 Vadodara (1,470,807) Gujarat 14 0.236 0.63 Indore (1,788,421) Madhya Pradesh 15 0.218 0.58 Faridabad (1,216,311) Haryana 16 0.204 0.54 Bhopal (1,605,300) Madhya Pradesh 17 0.196 0.52 Ludhiana (1,543,535) Punjab 18 0.186 0.50 Rajkot (1,088,595) Gujarat 19 0.174 0.46 Agra (1,435,717) Uttar Pradesh 20 0.165 0.44 Thane (1,404,041) Maharashtra 21 0.158 0.42 Kalyan-Dombivali (1,328,079) Maharashtra 22 0.150 0.40 Guwahati (878,315) Assam 23 0.144 0.38 Varanasi (1,254,277) Uttar Pradesh 24 0.144 0.38 Meerut (1,224,059) Uttar Pradesh 25 0.140 0.37 Nashik (1,198,641) Maharashtra 26 0.135 0.36 Visakhapatnam (1,035,388) Andhra Pradesh 27 0.134 0.36 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Top 100 Cities Sorted By Rank in India City (population) State / Territory Rank US $ mln % of India _________________________________________________________________________________________________________ Haora (1,083,545) West Bengal 28 0.133 0.35 Bhubaneswar (695,329) Orissa 29 0.131 0.35 Amritsar (1,079,543) Punjab 30 0.130 0.35 Jabalpur (1,065,221) Madhya Pradesh 31 0.130 0.35 Allahabad (1,128,422) Uttar Pradesh 32 0.129 0.34 Ghaziabad (1,103,607) Uttar Pradesh 33 0.127 0.34 Pimpri Chinchwad (1,120,120) Maharashtra 34 0.126 0.34 Trivandrum (785,871) Kerala 35 0.124 0.33 Coimbatore (979,873) Tamil Nadu 36 0.121 0.32 Madurai (979,691) Tamil Nadu 37 0.121 0.32 Raipur (657,774) Chhattisgarh 38 0.114 0.30 Vijayawada (881,435) Andhra Pradesh 39 0.114 0.30 Chandigarh (965,744) Chandigarh 40 0.113 0.30 Gwalior (925,780) Madhya Pradesh 41 0.113 0.30 Jodhpur (975,842) Rajasthan 42 0.113 0.30 Solapur (971,671) Maharashtra 43 0.110 0.29 Aurangabad (971,259) Maharashtra 44 0.110 0.29 Cuttack (574,844) Orissa 45 0.108 0.29 Patna (1,596,839) Bihar 46 0.106 0.28 Bhilai Nagar (602,018) Chhattisgarh 47 0.105 0.28 Kochi (629,416) Kerala 48 0.099 0.26 Tiruchirappalli (791,960) Tamil Nadu 49 0.098 0.26 Jalandhar (775,858) Punjab 50 0.094 0.25 Kota (802,317) Rajasthan 51 0.093 0.25 Bhavnagar (575,421) Gujarat 52 0.092 0.25 Srinagar (1,025,765) Jammu & Kashmir 53 0.092 0.25 Bareilly (797,450) Uttar Pradesh 54 0.091 0.24 Salem (735,884) Tamil Nadu 55 0.091 0.24 Navi Mumbai (783,478) Maharashtra 56 0.088 0.24 Aligarh (760,865) Uttar Pradesh 57 0.087 0.23 Hubli-Dharwad (849,355) Karnataka 58 0.086 0.23 Moradabad (730,678) Uttar Pradesh 59 0.084 0.22 Gorakhpur (711,683) Uttar Pradesh 60 0.082 0.22 Mysore (802,072) Karnataka 61 0.082 0.22 Jamnagar (504,221) Gujarat 62 0.081 0.22 Ranchi (942,085) Jharkhand 63 0.081 0.22 Bhiwandi (666,343) Maharashtra 64 0.075 0.20 Warangal (564,429) Andhra Pradesh 65 0.073 0.19 Kozhikode (460,636) Kerala 66 0.072 0.19 Guntur (549,626) Andhra Pradesh 67 0.071 0.19 Bikaner (609,904) Rajasthan 68 0.071 0.19 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Top 100 Cities Sorted By Rank in India City (population) State / Territory Rank US $ mln % of India _________________________________________________________________________________________________________ Amravati (611,437) Maharashtra 69 0.069 0.18 Mira-Bhayandar (579,084) Maharashtra 70 0.065 0.17 Durgapur (529,574) West Bengal 71 0.065 0.17 Ajmer (559,394) Rajasthan 72 0.065 0.17 Dehradun (489,653) Uttaranchal 73 0.064 0.17 Shimla (154,528) Himachal Pradesh 74 0.064 0.17 Asansol (522,385) West Bengal 75 0.064 0.17 Siliguri (505,167) West Bengal 76 0.062 0.17 Kolhapur (539,998) Maharashtra 77 0.061 0.16 Kollam (381,403) Kerala 78 0.060 0.16 Korba (343,159) Chhattisgarh 79 0.060 0.16 Ulhasnagar (526,375) Maharashtra 80 0.059 0.16 Saharanpur (516,098) Uttar Pradesh 81 0.059 0.16 Ujjain (481,333) Madhya Pradesh 82 0.059 0.16 Brahmapur (311,220) Orissa 83 0.059 0.16 Bhatpara (474,747) West Bengal 84 0.058 0.16 Rohtak (330,627) Haryana 85 0.056 0.15 Sangli-Miraj & Kupwad (485,970) Maharashtra 86 0.055 0.15 Jamshedpur (634,786) Jharkhand 87 0.054 0.14 Nanded-Waghala (479,246) Maharashtra 88 0.054 0.14 Tirunelveli (436,601) Tamil Nadu 89 0.054 0.14 Thrissur (335,008) Kerala 90 0.053 0.14 Nellore (404,656) Andhra Pradesh 91 0.052 0.14 Udaipur (448,852) Rajasthan 92 0.052 0.14 South Dumdum (421,246) West Bengal 93 0.052 0.14 Maheshtala (418,092) West Bengal 94 0.051 0.14 Malegaon (455,419) Maharashtra 95 0.051 0.14 Panipat (301,679) Haryana 96 0.051 0.13 Akola (445,167) Maharashtra 97 0.050 0.13 Bilaspur (288,247) Chhattisgarh 98 0.050 0.13 Jhansi (436,702) Uttar Pradesh 99 0.050 0.13 Hisar (296,082) Haryana 100 0.050 0.13 Others (178,859,311) N/A N/A 22.003 58.56 Total 37.569 100.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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2.3 LATENT DEMAND BY YEAR IN INDIA The Latent Demand for Depilatories: 2004 - 2014

Year India Market US $ mln _________________________________________________________________________________________________________ 2004 23.382 2005 25.715 2006 28.291 2007 31.135 2008 34.255 2009 37.569 2010 41.193 2011 45.176 2012 49.557 2013 54.375 2014 59.676 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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3 ANDAMAN & NICOBAR ISLANDS 3.1 LATENT DEMAND BY YEAR - ANDAMAN & NICOBAR ISLANDS

The Latent Demand for Depilatories in Andaman & Nicobar Islands: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.012 0.05 2005 0.014 0.05 2006 0.015 0.05 2007 0.016 0.05 2008 0.018 0.05 2009 0.019 0.05 2010 0.021 0.05 2011 0.023 0.05 2012 0.025 0.05 2013 0.027 0.05 2014 0.030 0.05 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Andaman & Nicobar Islands - Top Cities: Depilatories in 2009

Port Blair

Garacharma

Bombooflat

The Latent Demand for Depilatories in India and Andaman & Nicobar Islands: 2009

Andaman & Nicobar Islands India

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3.2 CITIES SORTED BY RANK - ANDAMAN & NICOBAR ISLANDS Andaman & Nicobar Islands - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Port Blair (112,826) 338 0.017 86.07 0.04 Garacharma (10,621) 3,509 0.002 8.10 0.00 Bombooflat (7,647) 4,177 0.001 5.83 0.00 Total 0.019 100.00 0.05 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

3.3 CITIES SORTED BY DISTRICT - ANDAMAN & NICOBAR ISLANDS City by District - Andaman & Nicobar Islands: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Port Blair (Andaman & Nicobar Islands; 112,826) 338 0.017 86.07 0.04 Garacharma (Andaman & Nicobar Islands; 10,621) 3,509 0.002 8.10 0.00 Bombooflat (Andaman & Nicobar Islands; 7,647) 4,177 0.001 5.83 0.00 Total 0.019 100.00 0.05 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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4 ANDHRA PRADESH 4.1 LATENT DEMAND BY YEAR - ANDHRA PRADESH

The Latent Demand for Depilatories in Andhra Pradesh: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 1.758 7.52 2005 1.921 7.47 2006 2.099 7.42 2007 2.294 7.37 2008 2.506 7.31 2009 2.730 7.27 2010 2.974 7.22 2011 3.240 7.17 2012 3.530 7.12 2013 3.845 7.07 2014 4.188 7.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Andhra Pradesh - Top Cities: Depilatories in 2009

Hyderabad M. Corp

Visakhapatnam

Vijayawada

Warangal

Others

The Latent Demand for Depilatories in India and Andhra Pradesh: 2009

Andhra PradeshIndia

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4.2 CITIES SORTED BY RANK - ANDHRA PRADESH Andhra Pradesh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Hyderabad M. Corp (3,683,925) 6 0.477 17.47 1.27 Visakhapatnam (1,035,388) 27 0.134 4.91 0.36 Vijayawada (881,435) 39 0.114 4.18 0.30 Warangal (564,429) 65 0.073 2.68 0.19 Guntur (549,626) 67 0.071 2.61 0.19 Nellore (404,656) 91 0.052 1.92 0.14 Rajahmundry (334,605) 110 0.043 1.59 0.12 Kukatpalle (310,305) 118 0.040 1.47 0.11 Kakinada (309,589) 119 0.040 1.47 0.11 Nizamabad (306,424) 121 0.040 1.45 0.11 Kurnool (285,903) 135 0.037 1.36 0.10 L.B. Nagar (279,761) 140 0.036 1.33 0.10 Gajuwaka (276,511) 142 0.036 1.31 0.10 Ramagundam (251,520) 151 0.033 1.19 0.09 Tirupati (243,102) 157 0.031 1.15 0.08 Quthbullapur (241,136) 158 0.031 1.14 0.08 Anantapur (235,941) 163 0.031 1.12 0.08 Secunderabad (218,034) 179 0.028 1.03 0.08 Karimnagar (217,646) 181 0.028 1.03 0.07 Eluru (202,647) 200 0.026 0.96 0.07 Machilipatnam (195,810) 210 0.025 0.93 0.07 Malkajgiri (186,872) 216 0.024 0.89 0.06 Vizianagaram (186,150) 217 0.024 0.88 0.06 Proddatur (176,121) 229 0.023 0.83 0.06 Kapra (169,975) 238 0.022 0.81 0.06 Khammam (168,743) 242 0.022 0.80 0.06 Adoni (166,550) 247 0.022 0.79 0.06 Chittoor (163,344) 254 0.021 0.77 0.06 Nandyal (162,067) 257 0.021 0.77 0.06 Serilingampalle (160,737) 259 0.021 0.76 0.06 Tenali (160,004) 261 0.021 0.76 0.06 Ongole (159,737) 262 0.021 0.76 0.06 Rajendranagar (152,898) 280 0.020 0.72 0.05 Bheemavaram (146,644) 294 0.019 0.70 0.05 Mahbubnagar (139,726) 308 0.018 0.66 0.05 Cuddapah (134,254) 318 0.017 0.64 0.05 Hindupur (133,540) 322 0.017 0.63 0.05 Uppal Kalan (126,282) 345 0.016 0.60 0.04 Guntakal (125,368) 349 0.016 0.59 0.04 Gudivada (119,860) 367 0.016 0.57 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Andhra Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Nalgonda (118,158) 375 0.015 0.56 0.04 Srikakulam (117,106) 380 0.015 0.56 0.04 Adilabad (115,576) 383 0.015 0.55 0.04 Alwal (113,644) 391 0.015 0.54 0.04 Dharmavaram (110,415) 404 0.014 0.52 0.04 Tadepalligudem (109,243) 408 0.014 0.52 0.04 Madanapalle (104,610) 426 0.014 0.50 0.04 Narasaraopet (101,447) 441 0.013 0.48 0.03 Suryapet (101,228) 442 0.013 0.48 0.03 Miryalguda (96,370) 467 0.012 0.46 0.03 Chilakaluripet (95,986) 471 0.012 0.46 0.03 Jagtial (95,506) 475 0.012 0.45 0.03 Tadpatri (92,519) 489 0.012 0.44 0.03 Chirala (91,252) 497 0.012 0.43 0.03 Anakapalle (90,257) 505 0.012 0.43 0.03 Kothagudem (85,136) 551 0.011 0.40 0.03 Kavali (83,666) 559 0.011 0.40 0.03 Yemmiganur (81,613) 570 0.011 0.39 0.03 Kadiri (81,435) 571 0.011 0.39 0.03 Nirmal (79,038) 591 0.010 0.37 0.03 Rayachoti (77,094) 610 0.010 0.37 0.03 Bodhan (76,196) 617 0.010 0.36 0.03 Srikalahasti (75,684) 622 0.010 0.36 0.03 Mancherial (74,996) 629 0.010 0.36 0.03 Gudur (74,005) 641 0.010 0.35 0.03 Palwancha (73,212) 649 0.009 0.35 0.03 Bapatla (72,723) 657 0.009 0.34 0.03 Tanuku (71,309) 676 0.009 0.34 0.02 Bellampalle (71,182) 678 0.009 0.34 0.02 Mandamarri (70,666) 683 0.009 0.34 0.02 Sirsilla (69,427) 692 0.009 0.33 0.02 Kamareddy (68,579) 698 0.009 0.33 0.02 Chinnachowk (68,398) 701 0.009 0.32 0.02 Siddipet (65,832) 728 0.009 0.31 0.02 Kaghaznagar (63,589) 743 0.008 0.30 0.02 Mangalagiri (63,476) 746 0.008 0.30 0.02 Narsapur (62,477) 755 0.008 0.30 0.02 Markapur (62,420) 756 0.008 0.30 0.02 Tandur (61,874) 761 0.008 0.29 0.02 Palacole (61,050) 772 0.008 0.29 0.02 Sangareddy (60,537) 778 0.008 0.29 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Andhra Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ponnur (60,337) 782 0.008 0.29 0.02 Rayadurg (57,799) 817 0.007 0.27 0.02 Koratla (57,686) 819 0.007 0.27 0.02 Gaddi annaram (57,260) 827 0.007 0.27 0.02 Samalkota (57,025) 831 0.007 0.27 0.02 Kallur (56,467) 839 0.007 0.27 0.02 Vinukonda (56,157) 841 0.007 0.27 0.02 Ramachandrapuram (56,154) 842 0.007 0.27 0.02 Gadwal (54,917) 863 0.007 0.26 0.02 Sattenapalle (54,834) 864 0.007 0.26 0.02 Amalapuram (54,341) 872 0.007 0.26 0.02 Nuzvid (53,753) 889 0.007 0.25 0.02 Pitapuram (53,714) 891 0.007 0.25 0.02 Wanaparthi (53,672) 892 0.007 0.25 0.02 Tuni (53,624) 893 0.007 0.25 0.02 Bobbili (53,542) 895 0.007 0.25 0.02 Kandukur (53,482) 896 0.007 0.25 0.02 Palasa-Kasibugga (53,378) 899 0.007 0.25 0.02 Parvathipuram (53,063) 903 0.007 0.25 0.02 Macherla (52,445) 914 0.007 0.25 0.02 Salur (51,643) 926 0.007 0.24 0.02 Bhongir (50,670) 948 0.007 0.24 0.02 Mandapeta (50,311) 957 0.007 0.24 0.02 Peddapuram (48,239) 1,004 0.006 0.23 0.02 Zahirabad (47,633) 1,021 0.006 0.23 0.02 Punganur (47,327) 1,029 0.006 0.22 0.02 Bheemunipatnam (47,152) 1,032 0.006 0.22 0.02 Jangaon (46,559) 1,047 0.006 0.22 0.02 Gooty (46,330) 1,053 0.006 0.22 0.02 Nidadavole (46,143) 1,057 0.006 0.22 0.02 Bhadrachalam (45,735) 1,069 0.006 0.22 0.02 Yellandu (45,295) 1,079 0.006 0.21 0.02 Kyathampalle (45,143) 1,085 0.006 0.21 0.02 Vicarabad (45,125) 1,086 0.006 0.21 0.02 Medak (44,760) 1,094 0.006 0.21 0.02 Repalle (44,122) 1,108 0.006 0.21 0.02 Bhainsa (43,785) 1,114 0.006 0.21 0.02 Jammalamadugu (43,250) 1,126 0.006 0.21 0.01 Patancheru (43,068) 1,129 0.006 0.20 0.01 Jaggayyapet (42,518) 1,150 0.006 0.20 0.01 Kovvur (41,852) 1,163 0.005 0.20 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Andhra Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Amadalavalasa (40,420) 1,202 0.005 0.19 0.01 Narayanpet (40,075) 1,210 0.005 0.19 0.01 Dowleswaram (39,747) 1,223 0.005 0.19 0.01 Vetapalem (39,550) 1,227 0.005 0.19 0.01 Sadasivpet (37,882) 1,269 0.005 0.18 0.01 Farooqnagar (36,902) 1,299 0.005 0.17 0.01 Teegalapahad (35,314) 1,349 0.005 0.17 0.01 Ichchapuram (34,865) 1,363 0.005 0.17 0.01 Manugur (34,747) 1,367 0.004 0.16 0.01 Narsipatnam (34,687) 1,371 0.004 0.16 0.01 Uravakonda (34,027) 1,396 0.004 0.16 0.01 Chemmumiahpet (33,547) 1,417 0.004 0.16 0.01 Venkatagiri (33,468) 1,422 0.004 0.16 0.01 Bethamcheria (33,079) 1,441 0.004 0.16 0.01 Kanuru (32,778) 1,457 0.004 0.16 0.01 Badepalle (31,845) 1,504 0.004 0.15 0.01 Pedana (31,539) 1,519 0.004 0.15 0.01 Puttur (31,327) 1,532 0.004 0.15 0.01 Kalyandurg (31,258) 1,536 0.004 0.15 0.01 Devarakonda (28,971) 1,655 0.004 0.14 0.01 Vepagunta (28,705) 1,666 0.004 0.14 0.01 Yerraguntla (28,550) 1,672 0.004 0.14 0.01 Nagarkurnool (27,952) 1,708 0.004 0.13 0.01 Nagari (26,023) 1,820 0.003 0.12 0.01 Renigunta (25,470) 1,864 0.003 0.12 0.01 Singapur (25,049) 1,897 0.003 0.12 0.01 Rajam (24,836) 1,912 0.003 0.12 0.01 Srisailam Project (24,835) 1,913 0.003 0.12 0.01 Ramanayyapeta (23,837) 1,996 0.003 0.11 0.01 Akkarampalle (21,704) 2,218 0.003 0.10 0.01 Dasnapur (21,317) 2,251 0.003 0.10 0.01 Sriramnagar (20,876) 2,305 0.003 0.10 0.01 Nellimaria (20,665) 2,324 0.003 0.10 0.01 Asifabad (20,646) 2,326 0.003 0.10 0.01 Vijayapuri (20,645) 2,327 0.003 0.10 0.01 Suryaraopeta (20,476) 2,350 0.003 0.10 0.01 Chunchupalle (20,254) 2,376 0.003 0.10 0.01 Kuppam (20,079) 2,400 0.003 0.10 0.01 Akkayapalle (19,485) 2,462 0.003 0.09 0.01 Tirumala (18,996) 2,511 0.002 0.09 0.01 Sompeta (18,570) 2,558 0.002 0.09 0.01 Ghatkeser (18,367) 2,579 0.002 0.09 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Andhra Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sarapaka (18,124) 2,613 0.002 0.09 0.01 Ramachandrapuram-Bhel (18,116) 2,615 0.002 0.09 0.01 Singarayakonda (17,806) 2,652 0.002 0.08 0.01 Pamur (16,208) 2,863 0.002 0.08 0.01 Rameswaram (15,997) 2,889 0.002 0.08 0.01 Naspur (15,746) 2,917 0.002 0.07 0.01 Choutuppal (15,026) 3,024 0.002 0.07 0.01 Eddumailaram (14,506) 3,099 0.002 0.07 0.00 Bollaram (14,208) 3,137 0.002 0.07 0.00 Yadagirigutta (14,167) 3,148 0.002 0.07 0.00 Gajularega (13,965) 3,167 0.002 0.07 0.00 Meerpet (13,818) 3,192 0.002 0.07 0.00 Tiruchanur (13,333) 3,272 0.002 0.06 0.00 Kothavalasa (13,132) 3,312 0.002 0.06 0.00 Bandarulanka (12,484) 3,419 0.002 0.06 0.00 Bugganipalle (12,248) 3,465 0.002 0.06 0.00 Osmania University (11,967) 3,532 0.002 0.06 0.00 Jallaram Kamanpur (11,853) 3,551 0.002 0.06 0.00 Narayanavanam (11,709) 3,574 0.002 0.06 0.00 Tallapalle (11,679) 3,578 0.002 0.06 0.00 Chandur (11,492) 3,615 0.001 0.05 0.00 Rampachodavaram (10,287) 3,854 0.001 0.05 0.00 Papampeta (9,939) 3,930 0.001 0.05 0.00 Kovurpalle (9,113) 4,090 0.001 0.04 0.00 Dommara Nandyal (8,199) 4,267 0.001 0.04 0.00 Isnapur (8,077) 4,295 0.001 0.04 0.00 Omerkhan daira (7,750) 4,361 0.001 0.04 0.00 Others (102,252) 30,000 0.013 0.48 0.04 Total 2.730 100.00 7.27 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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4.3 CITIES SORTED BY DISTRICT - ANDHRA PRADESH City by District - Andhra Pradesh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Naspur (Adilabad; 15,746) 2,917 0.002 0.07 0.01 Bhainsa (Adilabad; 43,785) 1,114 0.006 0.21 0.02 Tallapalle (Adilabad; 11,679) 3,578 0.002 0.06 0.00 Teegalapahad (Adilabad; 35,314) 1,349 0.005 0.17 0.01 Dasnapur (Adilabad; 21,317) 2,251 0.003 0.10 0.01 Nirmal (Adilabad; 79,038) 591 0.010 0.37 0.03 Singapur (Adilabad; 25,049) 1,897 0.003 0.12 0.01 Bellampalle (Adilabad; 71,182) 678 0.009 0.34 0.02 Asifabad (Adilabad; 20,646) 2,326 0.003 0.10 0.01 Kyathampalle (Adilabad; 45,143) 1,085 0.006 0.21 0.02 Kaghaznagar (Adilabad; 63,589) 743 0.008 0.30 0.02 Adilabad (Adilabad; 115,576) 383 0.015 0.55 0.04 Mandamarri (Adilabad; 70,666) 683 0.009 0.34 0.02 Mancherial (Adilabad; 74,996) 629 0.010 0.36 0.03 Rayadurg (Anantapur; 57,799) 817 0.007 0.27 0.02 Tadpatri (Anantapur; 92,519) 489 0.012 0.44 0.03 Kadiri (Anantapur; 81,435) 571 0.011 0.39 0.03 Kalyandurg (Anantapur; 31,258) 1,536 0.004 0.15 0.01 Uravakonda (Anantapur; 34,027) 1,396 0.004 0.16 0.01 Dharmavaram (Anantapur; 110,415) 404 0.014 0.52 0.04 Gooty (Anantapur; 46,330) 1,053 0.006 0.22 0.02 Guntakal (Anantapur; 125,368) 349 0.016 0.59 0.04 Anantapur (Anantapur; 235,941) 163 0.031 1.12 0.08 Hindupur (Anantapur; 133,540) 322 0.017 0.63 0.05 Papampeta (Anantapur; 9,939) 3,930 0.001 0.05 0.00 Nagari (Chittoor; 26,023) 1,820 0.003 0.12 0.01 Madanapalle (Chittoor; 104,610) 426 0.014 0.50 0.04 Kuppam (Chittoor; 20,079) 2,400 0.003 0.10 0.01 Puttur (Chittoor; 31,327) 1,532 0.004 0.15 0.01 Punganur (Chittoor; 47,327) 1,029 0.006 0.22 0.02 Narayanavanam (Chittoor; 11,709) 3,574 0.002 0.06 0.00 Chittoor (Chittoor; 163,344) 254 0.021 0.77 0.06 Renigunta (Chittoor; 25,470) 1,864 0.003 0.12 0.01 Tiruchanur (Chittoor; 13,333) 3,272 0.002 0.06 0.00 Tirupati (Chittoor; 27,412) 157 0.031 1.15 0.08 Srikalahasti (Chittoor; 75,684) 622 0.010 0.36 0.03 Tirumala (Chittoor; 18,996) 2,511 0.002 0.09 0.01 Akkarampalle (Chittoor; 21,704) 2,218 0.003 0.10 0.01 Proddatur (Cuddapah; 176,121) 229 0.023 0.83 0.06 Chinnachowk (Cuddapah; 68,398) 701 0.009 0.32 0.02 Jammalamadugu (Cuddapah; 43,250) 1,126 0.006 0.21 0.01 Rayachoti (Cuddapah; 77,094) 610 0.010 0.37 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Andhra Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Yerraguntla (Cuddapah; 28,550) 1,672 0.004 0.14 0.01 Cuddapah (Cuddapah; 134,254) 318 0.017 0.64 0.05 Akkayapalle (Cuddapah; 19,485) 2,462 0.003 0.09 0.01 Chemmumiahpet (Cuddapah; 33,547) 1,417 0.004 0.16 0.01 Dommara Nandyal (Cuddapah; 8,199) 4,267 0.001 0.04 0.00 Rameswaram (Cuddapah; 15,997) 2,889 0.002 0.08 0.01 Rajahmundry (East Godavari; 334,605) 110 0.043 1.59 0.12 Dowleswaram (East Godavari; 39,747) 1,223 0.005 0.19 0.01 Suryaraopeta (East Godavari; 20,476) 2,350 0.003 0.10 0.01 Peddapuram (East Godavari; 48,239) 1,004 0.006 0.23 0.02 Bandarulanka (East Godavari; 12,484) 3,419 0.002 0.06 0.00 Tuni (East Godavari; 53,624) 893 0.007 0.25 0.02 Mandapeta (East Godavari; 50,311) 957 0.007 0.24 0.02 Pitapuram (East Godavari; 53,714) 891 0.007 0.25 0.02 Amalapuram (East Godavari; 54,341) 872 0.007 0.26 0.02 Ramanayyapeta (East Godavari; 23,837) 1,996 0.003 0.11 0.01 Rampachodavaram (East Godavari; 10,287) 3,854 0.001 0.05 0.00 Kakinada (East Godavari; 309,589) 119 0.040 1.47 0.11 Samalkota (East Godavari; 57,025) 831 0.007 0.27 0.02 Mangalagiri (Guntur; 63,476) 746 0.008 0.30 0.02 Narasaraopet (Guntur; 101,447) 441 0.013 0.48 0.03 Chilakaluripet (Guntur; 95,986) 471 0.012 0.46 0.03 Tenali (Guntur; 160,004) 261 0.021 0.76 0.06 Sattenapalle (Guntur; 54,834) 864 0.007 0.26 0.02 Macherla (Guntur; 52,445) 914 0.007 0.25 0.02 Ponnur (Guntur; 60,337) 782 0.008 0.29 0.02 Guntur (Guntur; 549,626) 67 0.071 2.61 0.19 Vinukonda (Guntur; 56,157) 841 0.007 0.27 0.02 Bapatla (Guntur; 72,723) 657 0.009 0.34 0.03 Repalle (Guntur; 44,122) 1,108 0.006 0.21 0.02 Osmania University (Hyderabad; 11,967) 3,532 0.002 0.06 0.00 Secunderabad (Hyderabad; 218,034) 179 0.028 1.03 0.08 Hyderabad M. Corp (Hyderabad and Rangareddi; 3,683,925) 6 0.477 17.47 1.27 Koratla (Karimnagar; 57,686) 819 0.007 0.27 0.02 Jallaram Kamanpur (Karimnagar; 11,853) 3,551 0.002 0.06 0.00 Sirsilla (Karimnagar; 69,427) 692 0.009 0.33 0.02 Karimnagar (Karimnagar; 217,646) 181 0.028 1.03 0.07 Jagtial (Karimnagar; 95,506) 475 0.012 0.45 0.03 Ramagundam (Karimnagar; 251,520) 151 0.033 1.19 0.09 Manugur (Khammam; 34,747) 1,367 0.004 0.16 0.01 Chunchupalle (Khammam; 20,254) 2,376 0.003 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Andhra Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Palwancha (Khammam; 73,212) 649 0.009 0.35 0.03 Bhadrachalam (Khammam; 45,735) 1,069 0.006 0.22 0.02 Yellandu (Khammam; 45,295) 1,079 0.006 0.21 0.02 Kothagudem (Khammam; 85,136) 551 0.011 0.40 0.03 Sarapaka (Khammam; 18,124) 2,613 0.002 0.09 0.01 Khammam (Khammam; 168,743) 242 0.022 0.80 0.06 Jaggayyapet (Krishna; 42,518) 1,150 0.006 0.20 0.01 Kanuru (Krishna; 32,778) 1,457 0.004 0.16 0.01 Machilipatnam (Krishna; 195,810) 210 0.025 0.93 0.07 Nuzvid (Krishna; 53,753) 889 0.007 0.25 0.02 Vijayawada (Krishna; 881,435) 39 0.114 4.18 0.30 Pedana (Krishna; 31,539) 1,519 0.004 0.15 0.01 Kurnool (Kurnool; 285,903) 135 0.037 1.36 0.10 Yemmiganur (Kurnool; 81,613) 570 0.011 0.39 0.03 Srisailam Project (Kurnool; 24,835) 1,913 0.003 0.12 0.01 Adoni (Kurnool; 166,550) 247 0.022 0.79 0.06 Bethamcheria (Kurnool; 33,079) 1,441 0.004 0.16 0.01 Kallur (Kurnool; 56,467) 839 0.007 0.27 0.02 Bugganipalle (Kurnool; 12,248) 3,465 0.002 0.06 0.00 Nandyal (Kurnool; 162,067) 257 0.021 0.77 0.06 Wanaparthi (Mahbubnagar; 53,672) 892 0.007 0.25 0.02 Gadwal (Mahbubnagar; 54,917) 863 0.007 0.26 0.02 Narayanpet (Mahbubnagar; 40,075) 1,210 0.005 0.19 0.01 Badepalle (Mahbubnagar; 31,845) 1,504 0.004 0.15 0.01 Mahbubnagar (Mahbubnagar; 139,726) 308 0.018 0.66 0.05 Nagarkurnool (Mahbubnagar; 27,952) 1,708 0.004 0.13 0.01 Farooqnagar (Mahbubnagar; 36,902) 1,299 0.005 0.17 0.01 Sadasivpet (Medak; 37,882) 1,269 0.005 0.18 0.01 Sangareddy (Medak; 60,537) 778 0.008 0.29 0.02 Bollaram (Medak; 14,208) 3,137 0.002 0.07 0.00 Siddipet (Medak; 65,832) 728 0.009 0.31 0.02 Ramachandrapuram-Bhel (Medak; 18,116) 2,615 0.002 0.09 0.01 Ramachandrapuram (Medak; 56,154) 842 0.007 0.27 0.02 Eddumailaram (Medak; 14,506) 3,099 0.002 0.07 0.00 Medak (Medak; 44,760) 1,094 0.006 0.21 0.02 Patancheru (Medak; 43,068) 1,129 0.006 0.20 0.01 Isnapur (Medak; 8,077) 4,295 0.001 0.04 0.00 Zahirabad (Medak; 47,633) 1,021 0.006 0.23 0.02 Bhongir (Nalgonda; 50,670) 948 0.007 0.24 0.02 Devarakonda (Nalgonda; 28,971) 1,655 0.004 0.14 0.01 Chandur (Nalgonda; 11,492) 3,615 0.001 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Andhra Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Choutuppal (Nalgonda; 15,026) 3,024 0.002 0.07 0.01 Miryalguda (Nalgonda; 96,370) 467 0.012 0.46 0.03 Nalgonda (Nalgonda; 118,158) 375 0.015 0.56 0.04 Vijayapuri (Nalgonda; 20,645) 2,327 0.003 0.10 0.01 Yadagirigutta (Nalgonda; 14,167) 3,148 0.002 0.07 0.00 Suryapet (Nalgonda; 101,228) 442 0.013 0.48 0.03 Kovurpalle (Nellore; 9,113) 4,090 0.001 0.04 0.00 Nellore (Nellore; 404,656) 91 0.052 1.92 0.14 Gudur (Nellore; 74,005) 641 0.010 0.35 0.03 Venkatagiri (Nellore; 33,468) 1,422 0.004 0.16 0.01 Kavali (Nellore; 83,666) 559 0.011 0.40 0.03 Nizamabad (Nizamabad; 306,424) 121 0.040 1.45 0.11 Kamareddy (Nizamabad; 68,579) 698 0.009 0.33 0.02 Bodhan (Nizamabad; 76,196) 617 0.010 0.36 0.03 Pamur (Prakasam; 16,208) 2,863 0.002 0.08 0.01 Markapur (Prakasam; 62,420) 756 0.008 0.30 0.02 Vetapalem (Prakasam; 39,550) 1,227 0.005 0.19 0.01 Singarayakonda (Prakasam; 17,806) 2,652 0.002 0.08 0.01 Chirala (Prakasam; 91,252) 497 0.012 0.43 0.03 Ongole (Prakasam; 159,737) 262 0.021 0.76 0.06 Kandukur (Prakasam; 53,482) 896 0.007 0.25 0.02 Tandur (Rangareddi; 61,874) 761 0.008 0.29 0.02 Uppal Kalan (Rangareddi; 126,282) 345 0.016 0.60 0.04 Serilingampalle (Rangareddi; 160,737) 259 0.021 0.76 0.06 Rajendranagar (Rangareddi; 152,898) 280 0.020 0.72 0.05 Meerpet (Rangareddi; 13,818) 3,192 0.002 0.07 0.00 Vicarabad (Rangareddi; 45,125) 1,086 0.006 0.21 0.02 Quthbullapur (Rangareddi; 241,136) 158 0.031 1.14 0.08 Alwal (Rangareddi; 113,644) 391 0.015 0.54 0.04 Ghatkeser (Rangareddi; 18,367) 2,579 0.002 0.09 0.01 Malkajgiri (Rangareddi; 186,872) 216 0.024 0.89 0.06 L.B. Nagar (Rangareddi; 279,761) 140 0.036 1.33 0.10 Omerkhan daira (Rangareddi; 7,750) 4,361 0.001 0.04 0.00 Kukatpalle (Rangareddi; 310,305) 118 0.040 1.47 0.11 Kapra (Rangareddi; 169,975) 238 0.022 0.81 0.06 Gaddi annaram (Rangareddi; 57,260) 827 0.007 0.27 0.02 Ichchapuram (Srikakulam; 34,865) 1,363 0.005 0.17 0.01 Palasa-Kasibugga (Srikakulam; 53,378) 899 0.007 0.25 0.02 Srikakulam (Srikakulam; 117,106) 380 0.015 0.56 0.04 Sompeta (Srikakulam; 18,570) 2,558 0.002 0.09 0.01 Rajam (Srikakulam; 24,836) 1,912 0.003 0.12 0.01 Amadalavalasa (Srikakulam; 40,420) 1,202 0.005 0.19 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Andhra Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bheemunipatnam (Visakhapatnam; 47,152) 1,032 0.006 0.22 0.02 Visakhapatnam (Visakhapatnam; 1,035,388) 27 0.134 4.91 0.36 Anakapalle (Visakhapatnam; 90,257) 505 0.012 0.43 0.03 Gajuwaka (Visakhapatnam; 276,511) 142 0.036 1.31 0.10 Vepagunta (Visakhapatnam; 28,705) 1,666 0.004 0.14 0.01 Narsipatnam (Visakhapatnam; 34,687) 1,371 0.004 0.16 0.01 Gudivada (Visakhapatnam; 7,589) 367 0.016 0.57 0.04 Kothavalasa (Vizianagaram; 13,132) 3,312 0.002 0.06 0.00 Vizianagaram (Vizianagaram; 186,150) 217 0.024 0.88 0.06 Salur (Vizianagaram; 51,643) 926 0.007 0.24 0.02 Gajularega (Vizianagaram; 13,965) 3,167 0.002 0.07 0.00 Parvathipuram (Vizianagaram; 53,063) 903 0.007 0.25 0.02 Bobbili (Vizianagaram; 53,542) 895 0.007 0.25 0.02 Sriramnagar (Vizianagaram; 20,876) 2,305 0.003 0.10 0.01 Nellimaria (Vizianagaram; 20,665) 2,324 0.003 0.10 0.01 Warangal (Warangal; 564,429) 65 0.073 2.68 0.19 Jangaon (Warangal; 46,559) 1,047 0.006 0.22 0.02 Tadepalligudem (West Godavari; 109,243) 408 0.014 0.52 0.04 Narsapur (West Godavari; 62,477) 755 0.008 0.30 0.02 Tanuku (West Godavari; 71,309) 676 0.009 0.34 0.02 Nidadavole (West Godavari; 46,143) 1,057 0.006 0.22 0.02 Palacole (West Godavari; 61,050) 772 0.008 0.29 0.02 Bheemavaram (West Godavari; 146,644) 294 0.019 0.70 0.05 Eluru (West Godavari; 202,647) 200 0.026 0.96 0.07 Kovvur (West Godavari; 41,852) 1,163 0.005 0.20 0.01 Others (N/A; 102,252) 30,000 0.013 0.48 0.04 Total 2.730 100.00 7.27 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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5 ARUNACHAL PRADESH 5.1 LATENT DEMAND BY YEAR - ARUNACHAL PRADESH

The Latent Demand for Depilatories in Arunachal Pradesh: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.021 0.09 2005 0.024 0.09 2006 0.026 0.09 2007 0.029 0.09 2008 0.032 0.09 2009 0.035 0.09 2010 0.038 0.09 2011 0.042 0.09 2012 0.046 0.09 2013 0.050 0.09 2014 0.055 0.09 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Arunachal Pradesh - Top Cities: Depilatories in 2009

Itanagar

Naharlagun

Pasighat Along

Others

The Latent Demand for Depilatories in India and Arunachal Pradesh: 2009

Arunachal PradeshIndia

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5.2 CITIES SORTED BY RANK - ARUNACHAL PRADESH Arunachal Pradesh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Itanagar (39,151) 1,159 0.005 15.70 0.01 Naharlagun (30,129) 1,479 0.004 12.09 0.01 Pasighat (24,599) 1,802 0.003 9.87 0.01 Along (18,847) 2,380 0.003 7.56 0.01 Daporijo (17,317) 2,556 0.002 6.95 0.01 Tezu (16,809) 2,625 0.002 6.74 0.01 Seppa (16,754) 2,632 0.002 6.72 0.01 Ziro (13,758) 3,054 0.002 5.52 0.01 Namsai (12,967) 3,177 0.002 5.20 0.00 Roing (11,314) 3,489 0.002 4.54 0.00 Khonsa (10,332) 3,692 0.001 4.14 0.00 Bomdila (7,484) 4,304 0.001 3.00 0.00 Others (29,849) 30,000 0.004 11.97 0.01 Total 0.035 100.00 0.09 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

5.3 CITIES SORTED BY DISTRICT - ARUNACHAL PRADESH City by District - Arunachal Pradesh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Roing (Dibang Valley; 11,314) 3,489 0.002 4.54 0.00 Seppa (East Kameng; 16,754) 2,632 0.002 6.72 0.01 Pasighat (East Siang; 24,599) 1,802 0.003 9.87 0.01 Tezu (Lohit; 16,809) 2,625 0.002 6.74 0.01 Namsai (Lohit; 12,967) 3,177 0.002 5.20 0.00 Ziro (Lower Subansiri; 13,758) 3,054 0.002 5.52 0.01 Naharlagun (Papum Pare; 30,129) 1,479 0.004 12.09 0.01 Itanagar (Papum Pare; 39,151) 1,159 0.005 15.70 0.01 Khonsa (Tirap; 10,332) 3,692 0.001 4.14 0.00 Daporijo (Upper Subansiri; 17,317) 2,556 0.002 6.95 0.01 Bomdila (West Kameng; 7,484) 4,304 0.001 3.00 0.00 Along (West Siang; 18,847) 2,380 0.003 7.56 0.01 Others (N/A; 29,849) 30,000 0.004 11.97 0.01 Total 0.035 100.00 0.09 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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6 ASSAM 6.1 LATENT DEMAND BY YEAR - ASSAM

The Latent Demand for Depilatories in Assam: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.382 1.63 2005 0.415 1.61 2006 0.452 1.60 2007 0.492 1.58 2008 0.535 1.56 2009 0.581 1.55 2010 0.631 1.53 2011 0.685 1.52 2012 0.744 1.50 2013 0.808 1.49 2014 0.877 1.47 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Assam - Top Cities: Depilatories in 2009

Guwahati

Silchar

Dibrugarh

Nagaon

Others

The Latent Demand for Depilatories in India and Assam: 2009

AssamIndia

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6.2 CITIES SORTED BY RANK - ASSAM Assam - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Guwahati (878,315) 23 0.144 24.79 0.38 Silchar (154,780) 208 0.025 4.37 0.07 Dibrugarh (133,182) 241 0.022 3.76 0.06 Nagaon (116,820) 289 0.019 3.30 0.05 Tinsukia (92,959) 377 0.015 2.62 0.04 Jorhat (72,231) 494 0.012 2.04 0.03 Dhubri (69,530) 524 0.011 1.96 0.03 Bongaigaon (65,818) 561 0.011 1.86 0.03 Tezpur (63,307) 581 0.010 1.79 0.03 Sibsagar (59,222) 627 0.010 1.67 0.03 North Lakhimpur (58,983) 632 0.010 1.66 0.03 Karimganj (56,867) 667 0.009 1.61 0.02 Diphu (56,591) 671 0.009 1.60 0.02 Goalpara (53,166) 710 0.009 1.50 0.02 Barpeta (44,757) 836 0.007 1.26 0.02 Haflong (39,030) 975 0.006 1.10 0.02 Hojai (38,830) 984 0.006 1.10 0.02 Barpeta Road (38,350) 995 0.006 1.08 0.02 Lanka (37,377) 1,028 0.006 1.06 0.02 Golaghat (35,894) 1,075 0.006 1.01 0.02 Kokrajhar (33,862) 1,135 0.006 0.96 0.01 Bilasipara (33,795) 1,140 0.006 0.95 0.01 Hailakandi (32,212) 1,187 0.005 0.91 0.01 Mankachar (31,274) 1,225 0.005 0.88 0.01 Lumding Rly Colony (27,482) 1,365 0.005 0.78 0.01 Lumding (27,375) 1,369 0.004 0.77 0.01 Rangia (27,059) 1,383 0.004 0.76 0.01 Mangaldoi (25,929) 1,453 0.004 0.73 0.01 Margherita (25,910) 1,454 0.004 0.73 0.01 Gauripur (25,519) 1,476 0.004 0.72 0.01 Nalbari (25,193) 1,497 0.004 0.71 0.01 Mariani (25,072) 1,507 0.004 0.71 0.01 Silapathar (24,248) 1,559 0.004 0.68 0.01 Duliajan Oil Town (23,595) 1,595 0.004 0.67 0.01 Marigaon (22,617) 1,668 0.004 0.64 0.01 Digboi (22,180) 1,696 0.004 0.63 0.01 Doom Dooma (21,546) 1,748 0.004 0.61 0.01 Dhekiajuli (21,461) 1,754 0.004 0.61 0.01 Namrup (20,567) 1,818 0.003 0.58 0.01 Rangapara (20,459) 1,827 0.003 0.58 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Assam - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chapar (20,174) 1,853 0.003 0.57 0.01 Dhing (19,393) 1,938 0.003 0.55 0.01 Kharupatia (19,331) 1,944 0.003 0.55 0.01 Sonari (18,946) 1,983 0.003 0.53 0.01 Tangla (18,819) 1,995 0.003 0.53 0.01 Jagiroad (18,755) 2,004 0.003 0.53 0.01 Biswanath Chariali (18,294) 2,055 0.003 0.52 0.01 Digboi Oil Town (18,027) 2,084 0.003 0.51 0.01 North Guwahati (17,534) 2,158 0.003 0.49 0.01 Howli (17,346) 2,190 0.003 0.49 0.01 New Bongaigaon Rly. Colony (17,226) 2,207 0.003 0.49 0.01 Naharkatiya (16,879) 2,240 0.003 0.48 0.01 Makum (16,368) 2,317 0.003 0.46 0.01 Bokajan (16,238) 2,337 0.003 0.46 0.01 Udalguri (16,189) 2,344 0.003 0.46 0.01 Abhayapuri (15,947) 2,381 0.003 0.45 0.01 Sualkuchi (15,358) 2,467 0.003 0.43 0.01 Dergaon (14,527) 2,573 0.002 0.41 0.01 Gossaigaon (14,421) 2,589 0.002 0.41 0.01 Bijni (13,704) 2,696 0.002 0.39 0.01 Lakhipur (13,636) 2,708 0.002 0.38 0.01 Nazira (13,550) 2,726 0.002 0.38 0.01 Basugaon (13,523) 2,737 0.002 0.38 0.01 Sapatgram (13,094) 2,802 0.002 0.37 0.01 Dhemaji (12,882) 2,842 0.002 0.36 0.01 Badarpur (12,273) 2,942 0.002 0.35 0.01 Doboka (12,004) 3,001 0.002 0.34 0.01 Bihpuria (11,812) 3,028 0.002 0.33 0.01 Lala (11,245) 3,130 0.002 0.32 0.00 Ambikapur Part-X (10,885) 3,194 0.002 0.31 0.00 Badarpur Rly Town (10,805) 3,206 0.002 0.31 0.00 Sarupathar (10,682) 3,238 0.002 0.30 0.00 Pathsala (10,492) 3,278 0.002 0.30 0.00 Gohpur (10,226) 3,343 0.002 0.29 0.00 Dimaruguri (10,021) 3,379 0.002 0.28 0.00 Umrangso (9,809) 3,433 0.002 0.28 0.00 Bokakhat (9,613) 3,474 0.002 0.27 0.00 Lido Town (9,318) 3,559 0.002 0.26 0.00 Hamren (8,998) 3,631 0.001 0.25 0.00 Donkamokam (8,852) 3,668 0.001 0.25 0.00 Bohari (8,670) 3,702 0.001 0.24 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Assam - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dharapur (8,335) 3,782 0.001 0.24 0.00 Maibong (8,331) 3,785 0.001 0.24 0.00 Golokganj (8,274) 3,804 0.001 0.23 0.00 Sarbhog (8,210) 3,825 0.001 0.23 0.00 Sarthebari (8,201) 3,831 0.001 0.23 0.00 Titabor Town (8,098) 3,860 0.001 0.23 0.00 Durga Nagar Part-V (8,071) 3,869 0.001 0.23 0.00 Senchoa Gaon (8,007) 3,889 0.001 0.23 0.00 Chekonidhara (7,951) 3,904 0.001 0.22 0.00 Chabua (7,859) 3,928 0.001 0.22 0.00 Bamun Sualkuchi (7,743) 3,951 0.001 0.22 0.00 Kanakpur Part-II (7,706) 3,970 0.001 0.22 0.00 Barpathar (7,694) 3,973 0.001 0.22 0.00 Numaligarh Refinery Township (7,633) 3,994 0.001 0.22 0.00 Amguri (7,548) 4,018 0.001 0.21 0.00 Majgaon (7,413) 4,046 0.001 0.21 0.00 Moran Town (7,374) 4,058 0.001 0.21 0.00 Salakati (7,361) 4,061 0.001 0.21 0.00 Lido Tikok (7,349) 4,062 0.001 0.21 0.00 Sarupathar Bengali (7,182) 4,094 0.001 0.20 0.00 Kumar Kaibarta Gaon (6,897) 4,166 0.001 0.19 0.00 Bahbari Gaon (6,695) 4,215 0.001 0.19 0.00 Kochpara (6,552) 4,248 0.001 0.18 0.00 Kharijapikon (6,340) 4,299 0.001 0.18 0.00 Moranhat (6,282) 4,314 0.001 0.18 0.00 Others (94,172) 30,000 0.015 2.66 0.04 Total 0.581 100.00 1.55 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

6.3 CITIES SORTED BY DISTRICT - ASSAM City by District - Assam: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Pathsala (Barpeta; 10,492) 3,278 0.002 0.30 0.00 Howli (Barpeta; 17,346) 2,190 0.003 0.49 0.01 Barpeta (Barpeta; 44,757) 836 0.007 1.26 0.02 Barpeta Road (Barpeta; 38,350) 995 0.006 1.08 0.02 Sarbhog (Barpeta; 8,210) 3,825 0.001 0.23 0.00 Sarthebari (Barpeta; 8,201) 3,831 0.001 0.23 0.00 Bohari (Barpeta; 8,670) 3,702 0.001 0.24 0.00 Bongaigaon (Bongaigaon; 65,818) 561 0.011 1.86 0.03 New Bongaigaon Rly. Colony (Bongaigaon; 17,226) 2,207 0.003 0.49 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Assam: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Abhayapuri (Bongaigaon; 15,947) 2,381 0.003 0.45 0.01 Bijni (Bongaigaon; 13,704) 2,696 0.002 0.39 0.01 Kanakpur Part-II (Cachar; 7,706) 3,970 0.001 0.22 0.00 Durga Nagar Part-V (Cachar; 8,071) 3,869 0.001 0.23 0.00 Silchar (Cachar; 154,780) 208 0.025 4.37 0.07 Ambikapur Part-X (Cachar; 10,885) 3,194 0.002 0.31 0.00 Lakhipur (Cachar; 10,553) 2,708 0.002 0.38 0.01 Mangaldoi (Darrang; 25,929) 1,453 0.004 0.73 0.01 Kharupatia (Darrang; 19,331) 1,944 0.003 0.55 0.01 Udalguri (Darrang; 16,189) 2,344 0.003 0.46 0.01 Tangla (Darrang; 18,819) 1,995 0.003 0.53 0.01 Dhemaji (Dhemaji; 12,882) 2,842 0.002 0.36 0.01 Silapathar (Dhemaji; 24,248) 1,559 0.004 0.68 0.01 Mankachar (Dhubri; 31,274) 1,225 0.005 0.88 0.01 Gauripur (Dhubri; 25,519) 1,476 0.004 0.72 0.01 Golokganj (Dhubri; 8,274) 3,804 0.001 0.23 0.00 Dhubri (Dhubri; 69,530) 524 0.011 1.96 0.03 Bilasipara (Dhubri; 33,795) 1,140 0.006 0.95 0.01 Chapar (Dhubri; 20,174) 1,853 0.003 0.57 0.01 Sapatgram (Dhubri; 13,094) 2,802 0.002 0.37 0.01 Namrup (Dibrugarh; 20,567) 1,818 0.003 0.58 0.01 Chabua (Dibrugarh; 7,859) 3,928 0.001 0.22 0.00 Dibrugarh (Dibrugarh; 133,182) 241 0.022 3.76 0.06 Moran Town (Dibrugarh; 7,374) 4,058 0.001 0.21 0.00 Duliajan Oil Town (Dibrugarh; 23,595) 1,595 0.004 0.67 0.01 Sarupathar Bengali (Dibrugarh; 7,182) 4,094 0.001 0.20 0.00 Naharkatiya (Dibrugarh; 16,879) 2,240 0.003 0.48 0.01 Kharijapikon (Goalpara; 6,340) 4,299 0.001 0.18 0.00 Goalpara (Goalpara; 53,166) 710 0.009 1.50 0.02 Golaghat (Golaghat; 35,894) 1,075 0.006 1.01 0.02 Dergaon (Golaghat; 14,527) 2,573 0.002 0.41 0.01 Numaligarh Refinery Township (Golaghat; 7,633) 3,994 0.001 0.22 0.00 Bokakhat (Golaghat; 9,613) 3,474 0.002 0.27 0.00 Sarupathar (Golaghat; 10,682) 3,238 0.002 0.30 0.00 Barpathar (Golaghat; 7,694) 3,973 0.001 0.22 0.00 Hailakandi (Hailakandi; 32,212) 1,187 0.005 0.91 0.01 Lala (Hailakandi; 11,245) 3,130 0.002 0.32 0.00 Jorhat (Jorhat; 72,231) 494 0.012 2.04 0.03 Chekonidhara (Jorhat; 7,951) 3,904 0.001 0.22 0.00 Mariani (Jorhat; 25,072) 1,507 0.004 0.71 0.01 Kumar Kaibarta Gaon (Jorhat; 6,897) 4,166 0.001 0.19 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Assam: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Senchoa Gaon (Jorhat; 8,007) 3,889 0.001 0.23 0.00 Titabor Town (Jorhat; 8,098) 3,860 0.001 0.23 0.00 North Guwahati (Kamrup; 17,534) 2,158 0.003 0.49 0.01 Dharapur (Kamrup; 8,335) 3,782 0.001 0.24 0.00 Rangia (Kamrup; 27,059) 1,383 0.004 0.76 0.01 Sualkuchi (Kamrup; 15,358) 2,467 0.003 0.43 0.01 Bamun Sualkuchi (Kamrup; 7,743) 3,951 0.001 0.22 0.00 Guwahati (Kamrup; 878,315) 23 0.144 24.79 0.38 Kochpara (Kamrup; 6,552) 4,248 0.001 0.18 0.00 Diphu (Karbi Anglong; 56,591) 671 0.009 1.60 0.02 Hamren (Karbi Anglong; 8,998) 3,631 0.001 0.25 0.00 Donkamokam (Karbi Anglong; 8,852) 3,668 0.001 0.25 0.00 Bokajan (Karbi Anglong; 16,238) 2,337 0.003 0.46 0.01 Karimganj (Karimganj; 56,867) 667 0.009 1.61 0.02 Badarpur Rly Town (Karimganj; 10,805) 3,206 0.002 0.31 0.00 Badarpur (Karimganj; 12,273) 2,942 0.002 0.35 0.01 Kokrajhar (Kokrajhar; 33,862) 1,135 0.006 0.96 0.01 Gossaigaon (Kokrajhar; 14,421) 2,589 0.002 0.41 0.01 Basugaon (Kokrajhar; 13,523) 2,737 0.002 0.38 0.01 Salakati (Kokrajhar; 7,361) 4,061 0.001 0.21 0.00 Bihpuria (Lakhimpur; 11,812) 3,028 0.002 0.33 0.01 North Lakhimpur (Lakhimpur; 58,983) 632 0.010 1.66 0.03 Jagiroad (Marigaon; 18,755) 2,004 0.003 0.53 0.01 Marigaon (Marigaon; 22,617) 1,668 0.004 0.64 0.01 Lanka (Nagaon; 37,377) 1,028 0.006 1.06 0.02 Dhing (Nagaon; 19,393) 1,938 0.003 0.55 0.01 Doboka (Nagaon; 12,004) 3,001 0.002 0.34 0.01 Nagaon (Nagaon; 116,820) 289 0.019 3.30 0.05 Lumding (Nagaon; 27,375) 1,369 0.004 0.77 0.01 Hojai (Nagaon; 38,830) 984 0.006 1.10 0.02 Lumding Rly Colony (Nagaon; 27,482) 1,365 0.005 0.78 0.01 Dimaruguri (Nagaon; 10,021) 3,379 0.002 0.28 0.00 Nalbari (Nalbari; 25,193) 1,497 0.004 0.71 0.01 Umrangso (North Cachar Hills; 9,809) 3,433 0.002 0.28 0.00 Maibong (North Cachar Hills; 8,331) 3,785 0.001 0.24 0.00 Haflong (North Cachar Hills; 39,030) 975 0.006 1.10 0.02 Sonari (Sibsagar; 18,946) 1,983 0.003 0.53 0.01 Amguri (Sibsagar; 7,548) 4,018 0.001 0.21 0.00 Sibsagar (Sibsagar; 59,222) 627 0.010 1.67 0.03 Nazira (Sibsagar; 13,550) 2,726 0.002 0.38 0.01 Moranhat (Sibsagar; 6,282) 4,314 0.001 0.18 0.00 Tezpur (Sonitpur; 63,307) 581 0.010 1.79 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Assam: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Biswanath Chariali (Sonitpur; 18,294) 2,055 0.003 0.52 0.01 Dhekiajuli (Sonitpur; 21,461) 1,754 0.004 0.61 0.01 Majgaon (Sonitpur; 7,413) 4,046 0.001 0.21 0.00 Rangapara (Sonitpur; 20,459) 1,827 0.003 0.58 0.01 Gohpur (Sonitpur; 10,226) 3,343 0.002 0.29 0.00 Lido Tikok (Tinsukia; 7,349) 4,062 0.001 0.21 0.00 Lido Town (Tinsukia; 9,318) 3,559 0.002 0.26 0.00 Bahbari Gaon (Tinsukia; 6,695) 4,215 0.001 0.19 0.00 Makum (Tinsukia; 16,368) 2,317 0.003 0.46 0.01 Digboi (Tinsukia; 22,180) 1,696 0.004 0.63 0.01 Margherita (Tinsukia; 25,910) 1,454 0.004 0.73 0.01 Doom Dooma (Tinsukia; 21,546) 1,748 0.004 0.61 0.01 Digboi Oil Town (Tinsukia; 18,027) 2,084 0.003 0.51 0.01 Tinsukia (Tinsukia; 92,959) 377 0.015 2.62 0.04 Others (N/A; 94,172) 30,000 0.015 2.66 0.04 Total 0.581 100.00 1.55 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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7 BIHAR 7.1 LATENT DEMAND BY YEAR - BIHAR

The Latent Demand for Depilatories in Bihar: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.493 2.11 2005 0.522 2.03 2006 0.553 1.96 2007 0.586 1.88 2008 0.621 1.81 2009 0.659 1.75 2010 0.699 1.70 2011 0.742 1.64 2012 0.787 1.59 2013 0.834 1.53 2014 0.885 1.48 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Bihar - Top Cities: Depilatories in 2009

Patna

Gaya

Bhagalpur

Muzaffarpur

Others

The Latent Demand for Depilatories in India and Bihar: 2009

BiharIndia

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7.2 CITIES SORTED BY RANK - BIHAR Bihar - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Patna (1,596,839) 46 0.106 16.08 0.28 Gaya (444,391) 171 0.029 4.47 0.08 Bhagalpur (394,700) 201 0.026 3.97 0.07 Muzaffarpur (354,246) 223 0.024 3.57 0.06 Darbhanga (309,446) 267 0.021 3.12 0.05 Bihar (269,016) 315 0.018 2.71 0.05 Arrah (235,876) 360 0.016 2.37 0.04 Munger (217,223) 401 0.014 2.19 0.04 Chapra (207,394) 418 0.014 2.09 0.04 Katihar (203,142) 428 0.013 2.05 0.04 Purnia (198,580) 439 0.013 2.00 0.04 Sasaram (151,968) 600 0.010 1.53 0.03 Dinapur Nizamat (151,153) 606 0.010 1.52 0.03 Saharsa (143,819) 645 0.010 1.45 0.03 Hajipur (138,324) 681 0.009 1.39 0.02 Dehri (138,012) 682 0.009 1.39 0.02 Bettiah (135,327) 693 0.009 1.36 0.02 Siwan (125,446) 738 0.008 1.26 0.02 Motihari (117,716) 783 0.008 1.19 0.02 Jamalpur (112,095) 821 0.007 1.13 0.02 Begusarai (108,290) 852 0.007 1.09 0.02 Bagaha (105,976) 874 0.007 1.07 0.02 Kishanganj (99,147) 945 0.007 1.00 0.02 Buxar (96,226) 977 0.006 0.97 0.02 Nawada (95,432) 989 0.006 0.96 0.02 Jehanabad (94,774) 998 0.006 0.95 0.02 Aurangabad (92,023) 1,031 0.006 0.93 0.02 Lakhisarai (90,271) 1,054 0.006 0.91 0.02 Jamui (77,412) 1,224 0.005 0.78 0.01 Madhubani (76,870) 1,231 0.005 0.77 0.01 Araria (70,270) 1,322 0.005 0.71 0.01 Sitamarhi (65,835) 1,409 0.004 0.66 0.01 Mokameh (65,407) 1,418 0.004 0.66 0.01 Samastipur (64,467) 1,443 0.004 0.65 0.01 Gopalganj (63,108) 1,477 0.004 0.64 0.01 Supaul (62,647) 1,488 0.004 0.63 0.01 Phulwari Sharif (61,656) 1,513 0.004 0.62 0.01 Barh (56,135) 1,662 0.004 0.57 0.01 Khagaul (56,048) 1,664 0.004 0.56 0.01 Masaurhi (54,439) 1,712 0.004 0.55 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Bihar - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dumraon (53,109) 1,753 0.004 0.53 0.01 Khagaria (52,332) 1,776 0.003 0.53 0.01 Madhepura (52,204) 1,780 0.003 0.53 0.01 Sheikhpura (49,916) 1,851 0.003 0.50 0.01 Forbesganj (48,686) 1,906 0.003 0.49 0.01 Sultanganj (48,489) 1,911 0.003 0.49 0.01 Bhabua (48,135) 1,929 0.003 0.48 0.01 Raxaul Bazar (47,950) 1,939 0.003 0.48 0.01 Narkatiaganj (47,350) 1,960 0.003 0.48 0.01 Barahiya (46,092) 2,021 0.003 0.46 0.01 Ramnagar (44,705) 2,079 0.003 0.45 0.01 Bikramganj (44,522) 2,085 0.003 0.45 0.01 Fatwah (44,488) 2,088 0.003 0.45 0.01 Naugachhia (44,402) 2,090 0.003 0.45 0.01 Barbigha (44,368) 2,093 0.003 0.45 0.01 Daudnagar (44,042) 2,112 0.003 0.44 0.01 Hilsa (43,776) 2,125 0.003 0.44 0.01 Mahnar Bazar (43,319) 2,160 0.003 0.44 0.01 Jhajha (42,241) 2,224 0.003 0.43 0.01 Banka (41,072) 2,285 0.003 0.41 0.01 Bairgania (40,382) 2,320 0.003 0.41 0.01 Barauli (40,175) 2,334 0.003 0.40 0.01 Revelganj (39,481) 2,378 0.003 0.40 0.01 Rajgir (39,071) 2,403 0.003 0.39 0.01 Sonepur (38,721) 2,430 0.003 0.39 0.01 Dhaka (37,827) 2,476 0.003 0.38 0.01 Sherghati (37,525) 2,490 0.002 0.38 0.01 Bakhtiarpur (37,444) 2,498 0.002 0.38 0.01 Sugauli (36,370) 2,550 0.002 0.37 0.01 Warisaliganj (36,333) 2,551 0.002 0.37 0.01 Gogri Jamalpur (36,058) 2,568 0.002 0.36 0.01 Bodh Gaya (35,815) 2,580 0.002 0.36 0.01 Makhdumpur (34,988) 2,638 0.002 0.35 0.01 Jogbani (34,747) 2,651 0.002 0.35 0.01 Islampur (34,623) 2,662 0.002 0.35 0.01 Lalganj (34,613) 2,663 0.002 0.35 0.01 Bahadurganj (32,731) 2,782 0.002 0.33 0.01 Dinapur Cantt. (32,644) 2,787 0.002 0.33 0.01 Jagdishpur (32,554) 2,794 0.002 0.33 0.01 Rosera (31,885) 2,839 0.002 0.32 0.01 Dighwara (31,691) 2,857 0.002 0.32 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Bihar - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Maner (31,210) 2,890 0.002 0.31 0.01 Kharagpur (31,207) 2,892 0.002 0.31 0.01 Piro (29,732) 2,996 0.002 0.30 0.01 Kasba (29,598) 3,005 0.002 0.30 0.01 Banmankhi Bazar (29,205) 3,030 0.002 0.29 0.01 Hisua (29,045) 3,036 0.002 0.29 0.01 Marhaura (28,452) 3,082 0.002 0.29 0.01 Jhanjharpur (27,951) 3,121 0.002 0.28 0.00 Rafiganj (27,704) 3,139 0.002 0.28 0.00 Mirganj (27,344) 3,163 0.002 0.28 0.00 Murliganj (26,581) 3,220 0.002 0.27 0.00 Nokha (25,905) 3,282 0.002 0.26 0.00 Colgong (25,641) 3,307 0.002 0.26 0.00 Chanpatia (25,547) 3,320 0.002 0.26 0.00 Motipur (25,436) 3,328 0.002 0.26 0.00 Manihari (25,262) 3,345 0.002 0.25 0.00 Sheohar (24,733) 3,385 0.002 0.25 0.00 Amarpur (24,272) 3,431 0.002 0.24 0.00 Maharajganj (24,212) 3,439 0.002 0.24 0.00 Kanti (24,206) 3,441 0.002 0.24 0.00 Behea (24,132) 3,446 0.002 0.24 0.00 Areraj (23,478) 3,512 0.002 0.24 0.00 Dalsinghsarai (23,404) 3,523 0.002 0.24 0.00 Silao (23,399) 3,525 0.002 0.24 0.00 Koilwar (23,107) 3,553 0.002 0.23 0.00 Jainagar (22,606) 3,595 0.001 0.23 0.00 Nabinagar (22,082) 3,651 0.001 0.22 0.00 Mairwa (21,682) 3,687 0.001 0.22 0.00 Kataiya (20,754) 3,770 0.001 0.21 0.00 Belsand (20,667) 3,779 0.001 0.21 0.00 Birpur (20,561) 3,791 0.001 0.21 0.00 Tekari (20,428) 3,807 0.001 0.21 0.00 Chakia (19,272) 3,938 0.001 0.19 0.00 Nirmali (18,722) 4,012 0.001 0.19 0.00 Koath (18,334) 4,048 0.001 0.18 0.00 Thakurganj (17,729) 4,099 0.001 0.18 0.00 Dumra (16,860) 4,182 0.001 0.17 0.00 Ghoghardiha (16,842) 4,184 0.001 0.17 0.00 Shahpur (16,765) 4,192 0.001 0.17 0.00 Barauni IOC Township (16,033) 4,263 0.001 0.16 0.00 Mohiuddinagar (15,962) 4,270 0.001 0.16 0.00 Janakpur Road (15,471) 4,320 0.001 0.16 0.00 Others (63,701) 30,000 0.004 0.64 0.01 Total 0.659 100.00 1.75 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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7.3 CITIES SORTED BY DISTRICT - BIHAR City by District - Bihar: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jogbani (Araria; 34,747) 2,651 0.002 0.35 0.01 Araria (Araria; 70,270) 1,322 0.005 0.71 0.01 Forbesganj (Araria; 48,686) 1,906 0.003 0.49 0.01 Daudnagar (Aurangabad; 44,042) 2,112 0.003 0.44 0.01 Aurangabad (Aurangabad; 92,023) 1,031 0.006 0.93 0.02 Rafiganj (Aurangabad; 27,704) 3,139 0.002 0.28 0.00 Nabinagar (Aurangabad; 22,082) 3,651 0.001 0.22 0.00 Amarpur (Banka; 24,272) 3,431 0.002 0.24 0.00 Banka (Banka; 41,072) 2,285 0.003 0.41 0.01 Begusarai (Begusarai; 108,290) 852 0.007 1.09 0.02 Barauni IOC Township (Begusarai; 16,033) 4,263 0.001 0.16 0.00 Colgong (Bhagalpur; 25,641) 3,307 0.002 0.26 0.00 Sultanganj (Bhagalpur; 48,489) 1,911 0.003 0.49 0.01 Bhagalpur (Bhagalpur; 394,700) 201 0.026 3.97 0.07 Naugachhia (Bhagalpur; 44,402) 2,090 0.003 0.45 0.01 Jagdishpur (Bhojpur; 32,554) 2,794 0.002 0.33 0.01 Shahpur (Bhojpur; 16,765) 4,192 0.001 0.17 0.00 Arrah (Bhojpur; 235,876) 360 0.016 2.37 0.04 Behea (Bhojpur; 24,132) 3,446 0.002 0.24 0.00 Piro (Bhojpur; 29,732) 2,996 0.002 0.30 0.01 Koilwar (Bhojpur; 23,107) 3,553 0.002 0.23 0.00 Dumraon (Buxar; 53,109) 1,753 0.004 0.53 0.01 Buxar (Buxar; 96,226) 977 0.006 0.97 0.02 Darbhanga (Darbhanga; 309,446) 267 0.021 3.12 0.05 Sherghati (Gaya; 37,525) 2,490 0.002 0.38 0.01 Gaya (Gaya; 444,391) 171 0.029 4.47 0.08 Bodh Gaya (Gaya; 35,815) 2,580 0.002 0.36 0.01 Tekari (Gaya; 20,428) 3,807 0.001 0.21 0.00 Mirganj (Gopalganj; 27,344) 3,163 0.002 0.28 0.00 Gopalganj (Gopalganj; 63,108) 1,477 0.004 0.64 0.01 Kataiya (Gopalganj; 20,754) 3,770 0.001 0.21 0.00 Barauli (Gopalganj; 40,175) 2,334 0.003 0.40 0.01 Jhajha (Jamui; 42,241) 2,224 0.003 0.43 0.01 Jamui (Jamui; 77,412) 1,224 0.005 0.78 0.01 Jehanabad (Jehanabad; 94,774) 998 0.006 0.95 0.02 Makhdumpur (Jehanabad; 34,988) 2,638 0.002 0.35 0.01 Bhabua (Kaimur (Bhabua); 48,135) 1,929 0.003 0.48 0.01 Manihari (Katihar; 25,262) 3,345 0.002 0.25 0.00 Katihar (Katihar; 203,142) 428 0.013 2.05 0.04 Khagaria (Khagaria; 52,332) 1,776 0.003 0.53 0.01 Gogri Jamalpur (Khagaria; 36,058) 2,568 0.002 0.36 0.01 Thakurganj (Kishanganj; 17,729) 4,099 0.001 0.18 0.00 Bahadurganj (Kishanganj; 32,731) 2,782 0.002 0.33 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Bihar: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kishanganj (Kishanganj; 99,147) 945 0.007 1.00 0.02 Lakhisarai (Lakhisarai; 90,271) 1,054 0.006 0.91 0.02 Barahiya (Lakhisarai; 46,092) 2,021 0.003 0.46 0.01 Murliganj (Madhepura; 26,581) 3,220 0.002 0.27 0.00 Madhepura (Madhepura; 52,204) 1,780 0.003 0.53 0.01 Ghoghardiha (Madhubani; 16,842) 4,184 0.001 0.17 0.00 Jhanjharpur (Madhubani; 27,951) 3,121 0.002 0.28 0.00 Jainagar (Madhubani; 22,606) 3,595 0.001 0.23 0.00 Madhubani (Madhubani; 76,870) 1,231 0.005 0.77 0.01 Jamalpur (Munger; 112,095) 821 0.007 1.13 0.02 Munger (Munger; 217,223) 401 0.014 2.19 0.04 Kharagpur (Munger; 31,207) 2,892 0.002 0.31 0.01 Kanti (Muzaffarpur; 24,206) 3,441 0.002 0.24 0.00 Muzaffarpur (Muzaffarpur; 354,246) 223 0.024 3.57 0.06 Motipur (Muzaffarpur; 25,436) 3,328 0.002 0.26 0.00 Islampur (Nalanda; 34,623) 2,662 0.002 0.35 0.01 Bihar (Nalanda; 269,016) 315 0.018 2.71 0.05 Hilsa (Nalanda; 43,776) 2,125 0.003 0.44 0.01 Rajgir (Nalanda; 39,071) 2,403 0.003 0.39 0.01 Silao (Nalanda; 23,399) 3,525 0.002 0.24 0.00 Nawada (Nawada; 95,432) 989 0.006 0.96 0.02 Hisua (Nawada; 29,045) 3,036 0.002 0.29 0.01 Warisaliganj (Nawada; 36,333) 2,551 0.002 0.37 0.01 Ramnagar (Pashchim Champaran; 44,705) 2,079 0.003 0.45 0.01 Chanpatia (Pashchim Champaran; 25,547) 3,320 0.002 0.26 0.00 Bettiah (Pashchim Champaran; 135,327) 693 0.009 1.36 0.02 Bagaha (Pashchim Champaran; 105,976) 874 0.007 1.07 0.02 Narkatiaganj (Pashchim Champaran; 47,350) 1,960 0.003 0.48 0.01 Patna (Patna; 1,596,839) 46 0.106 16.08 0.28 Masaurhi (Patna; 54,439) 1,712 0.004 0.55 0.01 Dinapur Cantt. (Patna; 32,644) 2,787 0.002 0.33 0.01 Dinapur Nizamat (Patna; 151,153) 606 0.010 1.52 0.03 Phulwari Sharif (Patna; 61,656) 1,513 0.004 0.62 0.01 Fatwah (Patna; 44,488) 2,088 0.003 0.45 0.01 Khagaul (Patna; 56,048) 1,664 0.004 0.56 0.01 Bakhtiarpur (Patna; 37,444) 2,498 0.002 0.38 0.01 Barh (Patna; 56,135) 1,662 0.004 0.57 0.01 Maner (Patna; 31,210) 2,890 0.002 0.31 0.01 Mokameh (Patna; 65,407) 1,418 0.004 0.66 0.01 Motihari (Purba Champaran; 117,716) 783 0.008 1.19 0.02 Chakia (Purba Champaran; 19,272) 3,938 0.001 0.19 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Bihar: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Areraj (Purba Champaran; 23,478) 3,512 0.002 0.24 0.00 Sugauli (Purba Champaran; 36,370) 2,550 0.002 0.37 0.01 Dhaka (Purba Champaran; 37,827) 2,476 0.003 0.38 0.01 Raxaul Bazar (Purba Champaran; 47,950) 1,939 0.003 0.48 0.01 Kasba (Purnia; 29,598) 3,005 0.002 0.30 0.01 Banmankhi Bazar (Purnia; 29,205) 3,030 0.002 0.29 0.01 Purnia (Purnia; 198,580) 439 0.013 2.00 0.04 Bikramganj (Rohtas; 44,522) 2,085 0.003 0.45 0.01 Koath (Rohtas; 18,334) 4,048 0.001 0.18 0.00 Dehri (Rohtas; 138,012) 682 0.009 1.39 0.02 Nokha (Rohtas; 25,905) 3,282 0.002 0.26 0.00 Sasaram (Rohtas; 151,968) 600 0.010 1.53 0.03 Saharsa (Saharsa; 143,819) 645 0.010 1.45 0.03 Dalsinghsarai (Samastipur; 23,404) 3,523 0.002 0.24 0.00 Samastipur (Samastipur; 64,467) 1,443 0.004 0.65 0.01 Mohiuddinagar (Samastipur; 15,962) 4,270 0.001 0.16 0.00 Rosera (Samastipur; 31,885) 2,839 0.002 0.32 0.01 Marhaura (Saran; 28,452) 3,082 0.002 0.29 0.01 Revelganj (Saran; 39,481) 2,378 0.003 0.40 0.01 Sonepur (Saran; 38,721) 2,430 0.003 0.39 0.01 Dighwara (Saran; 31,691) 2,857 0.002 0.32 0.01 Chapra (Saran; 207,394) 418 0.014 2.09 0.04 Sheikhpura (Sheikhpura; 49,916) 1,851 0.003 0.50 0.01 Barbigha (Sheikhpura; 44,368) 2,093 0.003 0.45 0.01 Sheohar (Sheohar; 24,733) 3,385 0.002 0.25 0.00 Bairgania (Sitamarhi; 40,382) 2,320 0.003 0.41 0.01 Sitamarhi (Sitamarhi; 65,835) 1,409 0.004 0.66 0.01 Janakpur Road (Sitamarhi; 15,471) 4,320 0.001 0.16 0.00 Belsand (Sitamarhi; 20,667) 3,779 0.001 0.21 0.00 Dumra (Sitamarhi; 16,860) 4,182 0.001 0.17 0.00 Mairwa (Siwan; 21,682) 3,687 0.001 0.22 0.00 Siwan (Siwan; 125,446) 738 0.008 1.26 0.02 Maharajganj (Siwan; 24,212) 3,439 0.002 0.24 0.00 Nirmali (Supaul; 18,722) 4,012 0.001 0.19 0.00 Birpur (Supaul; 20,561) 3,791 0.001 0.21 0.00 Supaul (Supaul; 62,647) 1,488 0.004 0.63 0.01 Hajipur (Vaishali; 138,324) 681 0.009 1.39 0.02 Mahnar Bazar (Vaishali; 43,319) 2,160 0.003 0.44 0.01 Lalganj (Vaishali; 34,613) 2,663 0.002 0.35 0.01 Others (N/A; 63,701) 30,000 0.004 0.64 0.01 Total 0.659 100.00 1.75 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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8 CHANDIGARH

8.1 LATENT DEMAND BY YEAR - CHANDIGARH The Latent Demand for Depilatories in Chandigarh: 2004 - 2014

Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.066 0.28 2005 0.074 0.29 2006 0.082 0.29 2007 0.092 0.30 2008 0.102 0.30 2009 0.113 0.30 2010 0.126 0.30 2011 0.139 0.31 2012 0.154 0.31 2013 0.170 0.31 2014 0.189 0.32 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

The Latent Demand for Depilatories in India and Chandigarh: 2009

ChandigarhIndia

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8.2 CITIES SORTED BY RANK - CHANDIGARH Chandigarh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chandigarh (965,744) 40 0.113 100.00 0.30 Total 0.113 100.00 0.30 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

8.3 CITIES SORTED BY DISTRICT - CHANDIGARH City by District - Chandigarh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chandigarh (Chandigarh; 965,744) 40 0.113 100.00 0.30 Total 0.113 100.00 0.30 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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9 CHHATTISGARH 9.1 LATENT DEMAND BY YEAR - CHHATTISGARH

The Latent Demand for Depilatories in Chhattisgarh: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.407 1.74 2005 0.463 1.80 2006 0.526 1.86 2007 0.599 1.92 2008 0.680 1.98 2009 0.765 2.04 2010 0.861 2.09 2011 0.969 2.14 2012 1.090 2.20 2013 1.226 2.25 2014 1.379 2.31 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Chhattisgarh - Top Cities: Depilatories in 2009

Raipur

Bhilai Nagar

Korba

Bilaspur

Others

The Latent Demand for Depilatories in India and Chhattisgarh: 2009

ChhattisgarhIndia

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9.2 CITIES SORTED BY RANK - CHHATTISGARH Chhattisgarh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Raipur (657,774) 38 0.114 14.95 0.30 Bhilai Nagar (602,018) 47 0.105 13.69 0.28 Korba (343,159) 79 0.060 7.80 0.16 Bilaspur (288,247) 98 0.050 6.55 0.13 Durg (251,294) 109 0.044 5.71 0.12 Rajnandgaon (156,231) 192 0.027 3.55 0.07 Raigarh (120,642) 256 0.021 2.74 0.06 Chirmiri (99,256) 323 0.017 2.26 0.05 Bhilai Charoda (94,753) 340 0.016 2.15 0.04 Dhamtari (89,241) 365 0.016 2.03 0.04 Jagdalpur (80,097) 414 0.014 1.82 0.04 Ambikapur (71,741) 465 0.012 1.63 0.03 Dalli-Rajhara (55,018) 642 0.010 1.25 0.03 Bhatapara (54,437) 652 0.009 1.24 0.03 Mahasamund (51,309) 695 0.009 1.17 0.02 Champa (41,250) 856 0.007 0.94 0.02 Dongragarh (37,436) 956 0.007 0.85 0.02 Naila Janjgir (35,322) 1,024 0.006 0.80 0.02 Kawardha (34,553) 1,051 0.006 0.79 0.02 Manendragarh (33,431) 1,089 0.006 0.76 0.02 Kumhari (32,324) 1,120 0.006 0.73 0.01 Mungeli (29,770) 1,213 0.005 0.68 0.01 Kondagaon (29,101) 1,236 0.005 0.66 0.01 Tilda Newra (28,954) 1,241 0.005 0.66 0.01 Gobranawapara (27,831) 1,282 0.005 0.63 0.01 Kanker (26,615) 1,334 0.005 0.61 0.01 Birgaon (25,384) 1,388 0.004 0.58 0.01 Bemetra (25,248) 1,403 0.004 0.57 0.01 Baloda Bazar (24,841) 1,428 0.004 0.56 0.01 Jamul (23,515) 1,512 0.004 0.53 0.01 Balod (22,875) 1,558 0.004 0.52 0.01 Bade Bacheli (22,182) 1,604 0.004 0.50 0.01 Akaltara (22,145) 1,607 0.004 0.50 0.01 Sakti (21,984) 1,612 0.004 0.50 0.01 Jashpur nagar (21,946) 1,615 0.004 0.50 0.01 Dipka (21,938) 1,617 0.004 0.50 0.01 Ratanpur (21,564) 1,653 0.004 0.49 0.01 Kirandul (20,711) 1,716 0.004 0.47 0.01 Ahiwara (20,375) 1,742 0.004 0.46 0.01 Katghora (20,146) 1,761 0.004 0.46 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Chhattisgarh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Khongapani (19,419) 1,816 0.003 0.44 0.01 Kharsia (18,900) 1,868 0.003 0.43 0.01 Saraipali (18,560) 1,907 0.003 0.42 0.01 Takhatpur (18,467) 1,914 0.003 0.42 0.01 Surajpur (18,300) 1,934 0.003 0.42 0.01 Bagbahara (18,203) 1,946 0.003 0.41 0.01 Arang (18,037) 1,965 0.003 0.41 0.01 Bhanpuri (17,780) 1,990 0.003 0.40 0.01 Phunderdihari (17,507) 2,033 0.003 0.40 0.01 Lingiyadih (17,141) 2,067 0.003 0.39 0.01 Chharchha (16,688) 2,127 0.003 0.38 0.01 Gaurella (16,493) 2,165 0.003 0.37 0.01 Khairagarh (16,467) 2,167 0.003 0.37 0.01 Kota (16,327) 2,193 0.003 0.37 0.01 Sarangarh (15,716) 2,272 0.003 0.36 0.01 Pathalgaon (15,277) 2,343 0.003 0.35 0.01 Mowa (14,889) 2,407 0.003 0.34 0.01 Dharamjaigarh (14,786) 2,424 0.003 0.34 0.01 Bodri (14,487) 2,464 0.003 0.33 0.01 Simga (14,280) 2,494 0.002 0.32 0.01 Rajgamar (13,691) 2,574 0.002 0.31 0.01 Sirgiti (13,554) 2,598 0.002 0.31 0.01 Pandariya (13,536) 2,602 0.002 0.31 0.01 Pendra (13,470) 2,619 0.002 0.31 0.01 Vishrampur (13,442) 2,622 0.002 0.31 0.01 Lormi (13,216) 2,658 0.002 0.30 0.01 Gandai (12,894) 2,703 0.002 0.29 0.01 Deori (12,648) 2,754 0.002 0.29 0.01 Dongargaon (12,578) 2,762 0.002 0.29 0.01 Kurud (12,467) 2,784 0.002 0.28 0.01 Baloda (12,317) 2,810 0.002 0.28 0.01 Banarsi (11,574) 2,943 0.002 0.26 0.01 Gogaon (11,362) 2,993 0.002 0.26 0.01 Baikunthpur (10,953) 3,063 0.002 0.25 0.01 Ramanujganj (10,711) 3,107 0.002 0.24 0.00 Frezarpur (10,468) 3,155 0.002 0.24 0.00 Urla (10,173) 3,212 0.002 0.23 0.00 Bilha (9,774) 3,309 0.002 0.22 0.00 Namna Kalan (9,689) 3,333 0.002 0.22 0.00 Basna (9,580) 3,356 0.002 0.22 0.00 Patan (9,455) 3,377 0.002 0.21 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Chhattisgarh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kharod (9,355) 3,401 0.002 0.21 0.00 Dhamdha (9,320) 3,411 0.002 0.21 0.00 Ambagarh Chowki (9,233) 3,438 0.002 0.21 0.00 Bhatgaon (8,936) 3,517 0.002 0.20 0.00 Shivrinarayan (8,812) 3,552 0.002 0.20 0.00 Gharghoda (8,808) 3,554 0.002 0.20 0.00 Pithora (8,619) 3,596 0.001 0.20 0.00 Jhagrakhand (8,160) 3,708 0.001 0.19 0.00 Telgaon (7,767) 3,813 0.001 0.18 0.00 Khamhria (7,389) 3,931 0.001 0.17 0.00 Dantewada (7,209) 3,988 0.001 0.16 0.00 Chhuikhadan (6,976) 4,052 0.001 0.16 0.00 Naya Baradwar (6,770) 4,096 0.001 0.15 0.00 Hatkachora (6,581) 4,147 0.001 0.15 0.00 Geedam (6,412) 4,186 0.001 0.15 0.00 Mehmand (6,267) 4,231 0.001 0.14 0.00 Total 0.765 100.00 2.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

9.3 CITIES SORTED BY DISTRICT - CHHATTISGARH City by District - Chhattisgarh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Frezarpur (Bastar; 10,468) 3,155 0.002 0.24 0.00 Jagdalpur (Bastar; 80,097) 414 0.014 1.82 0.04 Hatkachora (Bastar; 6,581) 4,147 0.001 0.15 0.00 Kondagaon (Bastar; 29,101) 1,236 0.005 0.66 0.01 Bilaspur (Bilaspur; 288,247) 98 0.050 6.55 0.13 Mungeli (Bilaspur; 29,770) 1,213 0.005 0.68 0.01 Gaurella (Bilaspur; 16,493) 2,165 0.003 0.37 0.01 Lormi (Bilaspur; 13,216) 2,658 0.002 0.30 0.01 Lingiyadih (Bilaspur; 17,141) 2,067 0.003 0.39 0.01 Pendra (Bilaspur; 13,470) 2,619 0.002 0.31 0.01 Deori (Bilaspur; 12,648) 2,754 0.002 0.29 0.01 Kota (Bilaspur; 16,327) 2,193 0.003 0.37 0.01 Mehmand (Bilaspur; 6,267) 4,231 0.001 0.14 0.00 Bilha (Bilaspur; 9,774) 3,309 0.002 0.22 0.00 Ratanpur (Bilaspur; 21,564) 1,653 0.004 0.49 0.01 Sirgiti (Bilaspur; 13,554) 2,598 0.002 0.31 0.01 Takhatpur (Bilaspur; 18,467) 1,914 0.003 0.42 0.01 Bodri (Bilaspur; 14,487) 2,464 0.003 0.33 0.01 Geedam (Dantewada; 6,412) 4,186 0.001 0.15 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Chhattisgarh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dantewada (Dantewada; 7,209) 3,988 0.001 0.16 0.00 Kirandul (Dantewada; 20,711) 1,716 0.004 0.47 0.01 Bade Bacheli (Dantewada; 22,182) 1,604 0.004 0.50 0.01 Kurud (Dhamtari; 12,467) 2,784 0.002 0.28 0.01 Dhamtari (Dhamtari; 89,241) 365 0.016 2.03 0.04 Patan (Durg; 9,455) 3,377 0.002 0.21 0.00 Kumhari (Durg; 32,324) 1,120 0.006 0.73 0.01 Khamhria (Durg; 7,389) 3,931 0.001 0.17 0.00 Jamul (Durg; 23,515) 1,512 0.004 0.53 0.01 Ahiwara (Durg; 20,375) 1,742 0.004 0.46 0.01 Bhilai Nagar (Durg; 602,018) 47 0.105 13.69 0.28 Balod (Durg; 22,875) 1,558 0.004 0.52 0.01 Bemetra (Durg; 25,248) 1,403 0.004 0.57 0.01 Bhilai Charoda (Durg; 94,753) 340 0.016 2.15 0.04 Durg (Durg; 251,294) 109 0.044 5.71 0.12 Dalli-Rajhara (Durg; 55,018) 642 0.010 1.25 0.03 Dhamdha (Durg; 9,320) 3,411 0.002 0.21 0.00 Champa (Janjgir-Champa; 41,250) 856 0.007 0.94 0.02 Naya Baradwar (Janjgir-Champa; 6,770) 4,096 0.001 0.15 0.00 Shivrinarayan (Janjgir-Champa; 8,812) 3,552 0.002 0.20 0.00 Kharod (Janjgir-Champa; 9,355) 3,401 0.002 0.21 0.00 Baloda (Janjgir-Champa; 12,317) 2,810 0.002 0.28 0.01 Naila Janjgir (Janjgir-Champa; 35,322) 1,024 0.006 0.80 0.02 Akaltara (Janjgir-Champa; 22,145) 1,607 0.004 0.50 0.01 Sakti (Janjgir-Champa; 21,984) 1,612 0.004 0.50 0.01 Pathalgaon (Jashpur; 15,277) 2,343 0.003 0.35 0.01 Jashpur nagar (Jashpur; 21,946) 1,615 0.004 0.50 0.01 Kanker (Kanker; 26,615) 1,334 0.005 0.61 0.01 Kawardha (Kawardha; 34,553) 1,051 0.006 0.79 0.02 Pandariya (Kawardha; 13,536) 2,602 0.002 0.31 0.01 Katghora (Korba; 20,146) 1,761 0.004 0.46 0.01 Rajgamar (Korba; 13,691) 2,574 0.002 0.31 0.01 Korba (Korba; 343,159) 79 0.060 7.80 0.16 Dipka (Korba; 21,938) 1,617 0.004 0.50 0.01 Manendragarh (Koriya; 33,431) 1,089 0.006 0.76 0.02 Jhagrakhand (Koriya; 8,160) 3,708 0.001 0.19 0.00 Chharchha (Koriya; 16,688) 2,127 0.003 0.38 0.01 Chirmiri (Koriya; 99,256) 323 0.017 2.26 0.05 Baikunthpur (Koriya; 10,953) 3,063 0.002 0.25 0.01 Khongapani (Koriya; 19,419) 1,816 0.003 0.44 0.01 Mahasamund (Mahasamund; 51,309) 695 0.009 1.17 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Chhattisgarh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Saraipali (Mahasamund; 18,560) 1,907 0.003 0.42 0.01 Basna (Mahasamund; 9,580) 3,356 0.002 0.22 0.00 Pithora (Mahasamund; 8,619) 3,596 0.001 0.20 0.00 Bagbahara (Mahasamund; 18,203) 1,946 0.003 0.41 0.01 Gharghoda (Raigarh; 8,808) 3,554 0.002 0.20 0.00 Kharsia (Raigarh; 18,900) 1,868 0.003 0.43 0.01 Dharamjaigarh (Raigarh; 14,786) 2,424 0.003 0.34 0.01 Sarangarh (Raigarh; 15,716) 2,272 0.003 0.36 0.01 Raigarh (Raigarh; 120,642) 256 0.021 2.74 0.06 Bhatgaon (Raipur; 8,936) 3,517 0.002 0.20 0.00 Bhatapara (Raipur; 54,437) 652 0.009 1.24 0.03 Bhanpuri (Raipur; 17,780) 1,990 0.003 0.40 0.01 Simga (Raipur; 14,280) 2,494 0.002 0.32 0.01 Baloda Bazar (Raipur; 24,841) 1,428 0.004 0.56 0.01 Tilda Newra (Raipur; 28,954) 1,241 0.005 0.66 0.01 Arang (Raipur; 18,037) 1,965 0.003 0.41 0.01 Urla (Raipur; 10,173) 3,212 0.002 0.23 0.00 Banarsi (Raipur; 11,574) 2,943 0.002 0.26 0.01 Birgaon (Raipur; 25,384) 1,388 0.004 0.58 0.01 Raipur (Raipur; 657,774) 38 0.114 14.95 0.30 Gogaon (Raipur; 11,362) 2,993 0.002 0.26 0.01 Gobranawapara (Raipur; 27,831) 1,282 0.005 0.63 0.01 Mowa (Raipur; 14,889) 2,407 0.003 0.34 0.01 Dongragarh (Rajnandgaon; 37,436) 956 0.007 0.85 0.02 Rajnandgaon (Rajnandgaon; 156,231) 192 0.027 3.55 0.07 Khairagarh (Rajnandgaon; 16,467) 2,167 0.003 0.37 0.01 Ambagarh Chowki (Rajnandgaon; 9,233) 3,438 0.002 0.21 0.00 Dongargaon (Rajnandgaon; 12,578) 2,762 0.002 0.29 0.01 Chhuikhadan (Rajnandgaon; 6,976) 4,052 0.001 0.16 0.00 Gandai (Rajnandgaon; 12,894) 2,703 0.002 0.29 0.01 Ambikapur (Surguja; 71,741) 465 0.012 1.63 0.03 Surajpur (Surguja; 18,300) 1,934 0.003 0.42 0.01 Ramanujganj (Surguja; 10,711) 3,107 0.002 0.24 0.00 Namna Kalan (Surguja; 9,689) 3,333 0.002 0.22 0.00 Phunderdihari (Surguja; 17,507) 2,033 0.003 0.40 0.01 Vishrampur (Surguja; 13,442) 2,622 0.002 0.31 0.01 Telgaon (Surguja; 7,767) 3,813 0.001 0.18 0.00 Total 0.765 100.00 2.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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10 DADRA & NAGAR HAVELI 10.1 LATENT DEMAND BY YEAR - DADRA & NAGAR HAVELI

The Latent Demand for Depilatories in Dadra & Nagar Haveli: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.003 0.01 2005 0.004 0.01 2006 0.004 0.01 2007 0.004 0.01 2008 0.005 0.01 2009 0.005 0.01 2010 0.005 0.01 2011 0.006 0.01 2012 0.006 0.01 2013 0.007 0.01 2014 0.007 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Dadra & Nagar Haveli - Top Cities: Depilatories in 2009

Amli Silvassa

The Latent Demand for Depilatories in India and Dadra & Nagar Haveli: 2009

Dadra & Nagar HaveliIndia

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10.2 CITIES SORTED BY RANK - DADRA & NAGAR HAVELI Dadra & Nagar Haveli - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Amli (36,145) 2,246 0.003 56.62 0.01 Silvassa (27,698) 2,836 0.002 43.38 0.01 Total 0.005 100.00 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

10.3 CITIES SORTED BY DISTRICT - DADRA & NAGAR HAVELI City by District - Dadra & Nagar Haveli: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Silvassa (Dadra & Nagar Haveli; 27,698) 2,836 0.002 43.38 0.01 Amli (Dadra & Nagar Haveli; 36,145) 2,246 0.003 56.62 0.01 Total 0.005 100.00 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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11 DAMAN & DIU 11.1 LATENT DEMAND BY YEAR - DAMAN & DIU

The Latent Demand for Depilatories in Daman & Diu: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.004 0.02 2005 0.004 0.02 2006 0.004 0.02 2007 0.005 0.02 2008 0.005 0.02 2009 0.006 0.02 2010 0.006 0.01 2011 0.007 0.01 2012 0.007 0.01 2013 0.008 0.01 2014 0.008 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Daman & Diu - Top Cities: Depilatories in 2009

Daman Diu

The Latent Demand for Depilatories in India and Daman & Diu: 2009

Daman & DiuIndia

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11.2 CITIES SORTED BY RANK - DAMAN & DIU Daman & Diu - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Daman (45,226) 1,740 0.004 62.36 0.01 Diu (27,301) 2,814 0.002 37.64 0.01 Total 0.006 100.00 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

11.3 CITIES SORTED BY DISTRICT - DAMAN & DIU City by District - Daman & Diu: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Daman (Daman; 45,226) 1,740 0.004 62.36 0.01 Diu (Diu; 27,301) 2,814 0.002 37.64 0.01 Total 0.006 100.00 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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12 DELHI 12.1 LATENT DEMAND BY YEAR - DELHI

The Latent Demand for Depilatories in Delhi: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.837 3.58 2005 0.918 3.57 2006 1.007 3.56 2007 1.105 3.55 2008 1.211 3.54 2009 1.324 3.52 2010 1.447 3.51 2011 1.582 3.50 2012 1.729 3.49 2013 1.889 3.47 2014 2.065 3.46 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Delhi - Top Cities: Depilatories in 2009

Delhi Municipal Corporation

New Delhi Municipal Council

Sultan Pur Majra

Kirari Suleman Nagar

Others

The Latent Demand for Depilatories in India and Delhi: 2009

DelhiIndia

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12.2 CITIES SORTED BY RANK - DELHI Delhi - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Delhi Municipal Corporation (12,068,136) 2 1.014 76.58 2.70 New Delhi Municipal Council (362,363) 164 0.030 2.30 0.08 Sultan Pur Majra (201,249) 331 0.017 1.28 0.05 Kirari Suleman Nagar (189,150) 355 0.016 1.20 0.04 Bhalswa Jahangir Pur (186,142) 361 0.016 1.18 0.04 Nangloi Jat (184,844) 364 0.016 1.17 0.04 Karawal Nagar (182,605) 373 0.015 1.16 0.04 Dallo Pura (163,034) 420 0.014 1.03 0.04 Delhi Cantt. (152,983) 454 0.013 0.97 0.03 Deoli (146,812) 476 0.012 0.93 0.03 Gokal Pur (111,326) 665 0.009 0.71 0.02 Mustafabad (109,548) 679 0.009 0.70 0.02 Hastsal (105,529) 700 0.009 0.67 0.02 Burari (85,042) 857 0.007 0.54 0.02 Gharoli (84,792) 860 0.007 0.54 0.02 Chilla Saroda Bangar (81,093) 908 0.007 0.51 0.02 Taj Pul (71,567) 1,050 0.006 0.45 0.02 Jaffrabad (70,633) 1,067 0.006 0.45 0.02 Pooth Kalan (62,184) 1,204 0.005 0.39 0.01 Ziauddin Pur (59,039) 1,258 0.005 0.37 0.01 Pul Pehlad (58,188) 1,272 0.005 0.37 0.01 Khajoori Khas (55,427) 1,325 0.005 0.35 0.01 Tigri (55,187) 1,332 0.005 0.35 0.01 Mundka (53,962) 1,353 0.005 0.34 0.01 Babar Pur (53,305) 1,376 0.004 0.34 0.01 Sadat Pur Gujran (52,322) 1,400 0.004 0.33 0.01 Mithe Pur (50,698) 1,450 0.004 0.32 0.01 Molar Band (48,269) 1,531 0.004 0.31 0.01 Roshan Pura (47,425) 1,554 0.004 0.30 0.01 Sahibabad Daulat Pur (44,225) 1,665 0.004 0.28 0.01 Gharonda Neemka Bangar (42,297) 1,738 0.004 0.27 0.01 Mirpur Turk (34,735) 2,113 0.003 0.22 0.01 Kondli (34,398) 2,138 0.003 0.22 0.01 Libas Pur (34,339) 2,147 0.003 0.22 0.01 Bawana (28,390) 2,571 0.002 0.18 0.01 Begum Pur (28,061) 2,599 0.002 0.18 0.01 Kapas Hera (26,546) 2,717 0.002 0.17 0.01 Bankner (25,919) 2,777 0.002 0.16 0.01 Jiwan Pur alias Johri Pur (25,525) 2,806 0.002 0.16 0.01 Ali Pur (20,434) 3,286 0.002 0.13 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Delhi - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bhati (19,523) 3,387 0.002 0.12 0.00 Siras Pur (17,895) 3,588 0.002 0.11 0.00 Saidul Ajaib (17,302) 3,663 0.001 0.11 0.00 Jharoda Majra Burari (16,350) 3,774 0.001 0.10 0.00 Nangal Dewat (16,187) 3,802 0.001 0.10 0.00 Dayal Pur (15,973) 3,841 0.001 0.10 0.00 Rajokri (15,683) 3,882 0.001 0.10 0.00 Sultan Pur (13,935) 4,110 0.001 0.09 0.00 Sambhalka (13,600) 4,153 0.001 0.09 0.00 Pehlad Pur Bangar (12,966) 4,233 0.001 0.08 0.00 Quammruddin Nagar (12,588) 4,274 0.001 0.08 0.00 Others (89,027) 30,000 0.007 0.56 0.02 Total 1.324 100.00 3.52 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

12.3 CITIES SORTED BY DISTRICT - DELHI City by District - Delhi: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gharonda Neemka Bangar (East; 42,297) 1,738 0.004 0.27 0.01 Chilla Saroda Bangar (East; 81,093) 908 0.007 0.51 0.02 Dallo Pura (East; 163,034) 420 0.014 1.03 0.04 Gharoli (East; 84,792) 860 0.007 0.54 0.02 Kondli (East; 34,398) 2,138 0.003 0.22 0.01 Delhi Municipal Corporation (In all 9 districts; 12,068,136) 2 1.014 76.58 2.70 New Delhi Municipal Council (New Delhi,; 362,363) 164 0.030 2.30 0.08 Burari (North; 85,042) 857 0.007 0.54 0.02 Jharoda Majra Burari (North; 16,350) 3,774 0.001 0.10 0.00 Mirpur Turk (North East; 34,735) 2,113 0.003 0.22 0.01 Ziauddin Pur (North East; 59,039) 1,258 0.005 0.37 0.01 Khajoori Khas (North East; 55,427) 1,325 0.005 0.35 0.01 Karawal Nagar (North East; 182,605) 373 0.015 1.16 0.04 Jiwan Pur alias Johri Pur (North East; 25,525) 2,806 0.002 0.16 0.01 Mustafabad (North East; 109,548) 679 0.009 0.70 0.02 Gokal Pur (North East; 111,326) 665 0.009 0.71 0.02 Dayal Pur (North East; 15,973) 3,841 0.001 0.10 0.00 Babar Pur (North East; 53,305) 1,376 0.004 0.34 0.01 Jaffrabad (North East; 70,633) 1,067 0.006 0.45 0.02 Sadat Pur Gujran (North East; 52,322) 1,400 0.004 0.33 0.01 Bankner (North West; 25,919) 2,777 0.002 0.16 0.01 Bawana (North West; 28,390) 2,571 0.002 0.18 0.01 Begum Pur (North West; 28,061) 2,599 0.002 0.18 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Delhi: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bhalswa Jahangir Pur (North West; 186,142) 361 0.016 1.18 0.04 Sultan Pur Majra (North West; 201,249) 331 0.017 1.28 0.05 Siras Pur (North West; 17,895) 3,588 0.002 0.11 0.00 Kirari Suleman Nagar (North West; 189,150) 355 0.016 1.20 0.04 Sahibabad Daulat Pur (North West; 44,225) 1,665 0.004 0.28 0.01 Pehlad Pur Bangar (North West; 12,966) 4,233 0.001 0.08 0.00 Libas Pur (North West; 34,339) 2,147 0.003 0.22 0.01 Ali Pur (North West; 20,434) 3,286 0.002 0.13 0.00 Pooth Kalan (North West; 62,184) 1,204 0.005 0.39 0.01 Tigri (South; 55,187) 1,332 0.005 0.35 0.01 Molar Band (South; 48,269) 1,531 0.004 0.31 0.01 Mithe Pur (South; 50,698) 1,450 0.004 0.32 0.01 Bhati (South; 19,523) 3,387 0.002 0.12 0.00 Taj Pul (South; 71,567) 1,050 0.006 0.45 0.02 Saidul Ajaib (South; 17,302) 3,663 0.001 0.11 0.00 Sultan Pur (South; 13,935) 4,110 0.001 0.09 0.00 Pul Pehlad (South; 58,188) 1,272 0.005 0.37 0.01 Deoli (South; 146,812) 476 0.012 0.93 0.03 Sambhalka (South West; 13,600) 4,153 0.001 0.09 0.00 Nangal Dewat (South West; 16,187) 3,802 0.001 0.10 0.00 Roshan Pura (South West; 47,425) 1,554 0.004 0.30 0.01 Rajokri (South West; 15,683) 3,882 0.001 0.10 0.00 Kapas Hera (South West; 26,546) 2,717 0.002 0.17 0.01 Delhi Cantt. (South West; 152,983) 454 0.013 0.97 0.03 Hastsal (West; 105,529) 700 0.009 0.67 0.02 Nangloi Jat (West; 184,844) 364 0.016 1.17 0.04 Quammruddin Nagar (West; 12,588) 4,274 0.001 0.08 0.00 Mundka (West; 53,962) 1,353 0.005 0.34 0.01 Others (N/A; 89,027) 30,000 0.007 0.56 0.02 Total 1.324 100.00 3.52 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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13 GOA 13.1 LATENT DEMAND BY YEAR - GOA

The Latent Demand for Depilatories in Goa: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.086 0.37 2005 0.094 0.36 2006 0.102 0.36 2007 0.111 0.36 2008 0.121 0.35 2009 0.131 0.35 2010 0.142 0.35 2011 0.154 0.34 2012 0.168 0.34 2013 0.182 0.33 2014 0.198 0.33 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Goa - Top Cities: Depilatories in 2009

Mormugao

Margao

Panaji

Mapusa

Others

The Latent Demand for Depilatories in India and Goa: 2009

GoaIndia

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13.2 CITIES SORTED BY RANK - GOA Goa - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mormugao (104,908) 286 0.019 14.76 0.05 Margao (84,710) 362 0.016 11.92 0.04 Panaji (63,522) 502 0.012 8.94 0.03 Mapusa (43,355) 763 0.008 6.10 0.02 Curchorem Cacora (23,122) 1,451 0.004 3.25 0.01 Ponda (19,113) 1,756 0.004 2.69 0.01 Cuncolim (17,125) 1,954 0.003 2.41 0.01 Calangute (17,047) 1,963 0.003 2.40 0.01 Sancoale (16,862) 1,984 0.003 2.37 0.01 Penha-de-Franca (16,614) 2,018 0.003 2.34 0.01 Bicholim (16,115) 2,077 0.003 2.27 0.01 Curti (14,123) 2,395 0.003 1.99 0.01 Quepem (13,490) 2,496 0.002 1.90 0.01 Bandora (13,252) 2,526 0.002 1.86 0.01 Chimbel (12,949) 2,572 0.002 1.82 0.01 Canacona (12,859) 2,588 0.002 1.81 0.01 Calapor (12,776) 2,604 0.002 1.80 0.01 Sanquelim (12,093) 2,720 0.002 1.70 0.01 Navelim (11,901) 2,761 0.002 1.67 0.01 Davorlim (11,803) 2,779 0.002 1.66 0.01 Siolim (11,142) 2,909 0.002 1.57 0.01 Socorro (10,991) 2,932 0.002 1.55 0.01 Benaulim (10,982) 2,935 0.002 1.54 0.01 Reis Magos (9,399) 3,269 0.002 1.32 0.00 Candolim (9,292) 3,297 0.002 1.31 0.00 Sao Jose-de-Areal (9,025) 3,362 0.002 1.27 0.00 Valpoi (8,551) 3,483 0.002 1.20 0.00 Chicalim (8,217) 3,576 0.002 1.16 0.00 Chinchinim (7,600) 3,735 0.001 1.07 0.00 Guirim (6,884) 3,957 0.001 0.97 0.00 Aldona (6,829) 3,980 0.001 0.96 0.00 Sanguem (6,654) 4,036 0.001 0.94 0.00 Pale (6,166) 4,161 0.001 0.87 0.00 Saligao (6,000) 4,207 0.001 0.84 0.00 Colvale (5,916) 4,234 0.001 0.83 0.00 Queula (5,891) 4,240 0.001 0.83 0.00 Goa Velha (5,847) 4,246 0.001 0.82 0.00 Carapur (5,764) 4,266 0.001 0.81 0.00 Bambolim (5,748) 4,272 0.001 0.81 0.00 Pernem (5,711) 4,284 0.001 0.80 0.00 Others (20,527) 30,000 0.004 2.89 0.01 Total 0.131 100.00 0.35 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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13.3 CITIES SORTED BY DISTRICT - GOA City by District - Goa: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mapusa (North Goa; 43,355) 763 0.008 6.10 0.02 Bambolim (North Goa; 5,748) 4,272 0.001 0.81 0.00 Bandora (North Goa; 13,252) 2,526 0.002 1.86 0.01 Bicholim (North Goa; 16,115) 2,077 0.003 2.27 0.01 Calangute (North Goa; 17,047) 1,963 0.003 2.40 0.01 Calapor (North Goa; 12,776) 2,604 0.002 1.80 0.01 Candolim (North Goa; 9,292) 3,297 0.002 1.31 0.00 Carapur (North Goa; 5,764) 4,266 0.001 0.81 0.00 Chimbel (North Goa; 12,949) 2,572 0.002 1.82 0.01 Colvale (North Goa; 5,916) 4,234 0.001 0.83 0.00 Curti (North Goa; 14,123) 2,395 0.003 1.99 0.01 Aldona (North Goa; 6,829) 3,980 0.001 0.96 0.00 Guirim (North Goa; 6,884) 3,957 0.001 0.97 0.00 Valpoi (North Goa; 8,551) 3,483 0.002 1.20 0.00 Pale (North Goa; 6,166) 4,161 0.001 0.87 0.00 Sanquelim (North Goa; 12,093) 2,720 0.002 1.70 0.01 Socorro (North Goa; 10,991) 2,932 0.002 1.55 0.01 Siolim (North Goa; 11,142) 2,909 0.002 1.57 0.01 Goa Velha (North Goa; 5,847) 4,246 0.001 0.82 0.00 Penha-de-Franca (North Goa; 16,614) 2,018 0.003 2.34 0.01 Pernem (North Goa; 5,711) 4,284 0.001 0.80 0.00 Ponda (North Goa; 19,113) 1,756 0.004 2.69 0.01 Reis Magos (North Goa; 9,399) 3,269 0.002 1.32 0.00 Saligao (North Goa; 6,000) 4,207 0.001 0.84 0.00 Panaji (North Goa; 63,522) 502 0.012 8.94 0.03 Queula (North Goa; 5,891) 4,240 0.001 0.83 0.00 Sancoale (South Goa; 16,862) 1,984 0.003 2.37 0.01 Canacona (South Goa; 12,859) 2,588 0.002 1.81 0.01 Sao Jose-de-Areal (South Goa; 9,025) 3,362 0.002 1.27 0.00 Benaulim (South Goa; 10,982) 2,935 0.002 1.54 0.01 Sanguem (South Goa; 6,654) 4,036 0.001 0.94 0.00 Chinchinim (South Goa; 7,600) 3,735 0.001 1.07 0.00 Cuncolim (South Goa; 17,125) 1,954 0.003 2.41 0.01 Curchorem Cacora (South Goa; 23,122) 1,451 0.004 3.25 0.01 Quepem (South Goa; 13,490) 2,496 0.002 1.90 0.01 Davorlim (South Goa; 11,803) 2,779 0.002 1.66 0.01 Margao (South Goa; 84,710) 362 0.016 11.92 0.04 Mormugao (South Goa; 104,908) 286 0.019 14.76 0.05 Navelim (South Goa; 11,901) 2,761 0.002 1.67 0.01 Chicalim (South Goa; 8,217) 3,576 0.002 1.16 0.00 Others (N/A; 20,527) 30,000 0.004 2.89 0.01 Total 0.131 100.00 0.35 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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14 GUJARAT 14.1 LATENT DEMAND BY YEAR - GUJARAT

The Latent Demand for Depilatories in Gujarat: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 1.676 7.17 2005 1.898 7.38 2006 2.149 7.60 2007 2.434 7.82 2008 2.753 8.04 2009 3.090 8.23 2010 3.466 8.41 2011 3.887 8.60 2012 4.359 8.80 2013 4.889 8.99 2014 5.483 9.19 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Gujarat - Top Cities: Depilatories in 2009

Ahmedabad

Surat

Vadodara Rajkot

Others

The Latent Demand for Depilatories in India and Gujarat: 2009

GujaratIndia

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14.2 CITIES SORTED BY RANK - GUJARAT Gujarat - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ahmedabad (3,958,866) 3 0.635 20.53 1.69 Surat (2,740,838) 8 0.439 14.22 1.17 Vadodara (1,470,807) 14 0.236 7.63 0.63 Rajkot (1,088,595) 19 0.174 5.65 0.46 Bhavnagar (575,421) 52 0.092 2.98 0.25 Jamnagar (504,221) 62 0.081 2.62 0.22 Gandhinagar (220,605) 143 0.035 1.14 0.09 Nadiad (217,123) 145 0.035 1.13 0.09 Junagadh (189,968) 165 0.030 0.99 0.08 Surendranagar Dudhrej (176,151) 178 0.028 0.91 0.08 Bharuch (167,112) 196 0.027 0.87 0.07 Veraval (159,022) 207 0.025 0.82 0.07 Navsari (150,916) 215 0.024 0.78 0.06 Porbandar (149,873) 218 0.024 0.78 0.06 Anand (146,921) 221 0.024 0.76 0.06 Godhra (137,225) 239 0.022 0.71 0.06 Vejalpur (127,599) 268 0.020 0.66 0.05 Patan (126,173) 270 0.020 0.65 0.05 Palanpur (124,309) 274 0.020 0.64 0.05 Ghatlodiya (119,665) 288 0.019 0.62 0.05 Jetpur Navagadh (117,471) 299 0.019 0.61 0.05 Botad (112,683) 309 0.018 0.58 0.05 Kalol (112,640) 310 0.018 0.58 0.05 Mahesana (111,475) 314 0.018 0.58 0.05 Gondal (108,101) 320 0.017 0.56 0.05 Amreli (101,628) 347 0.016 0.53 0.04 Ranip (98,621) 357 0.016 0.51 0.04 Deesa (93,854) 381 0.015 0.49 0.04 Dhoraji (91,002) 397 0.015 0.47 0.04 Khambhat (90,587) 398 0.015 0.47 0.04 Dohad (89,175) 403 0.014 0.46 0.04 Savarkundla (82,993) 436 0.013 0.43 0.04 Vapi (80,402) 451 0.013 0.42 0.03 Dhrangadhra (79,567) 460 0.013 0.41 0.03 Mahuva (79,544) 461 0.013 0.41 0.03 Valsad (77,508) 472 0.012 0.40 0.03 Anklesvar (76,525) 483 0.012 0.40 0.03 Visnagar (74,131) 492 0.012 0.38 0.03 Keshod (71,233) 523 0.011 0.37 0.03 Wadhwan (69,528) 538 0.011 0.36 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Gujarat - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Himatnagar (65,618) 573 0.011 0.34 0.03 Borsad (63,674) 592 0.010 0.33 0.03 Kadi (63,336) 594 0.010 0.33 0.03 Chandlodiya (63,217) 597 0.010 0.33 0.03 Chandkheda (62,476) 607 0.010 0.32 0.03 Upleta (62,323) 608 0.010 0.32 0.03 Mangrol (62,045) 613 0.010 0.32 0.03 Dabhoi (61,860) 615 0.010 0.32 0.03 Modasa (60,876) 623 0.010 0.32 0.03 Vijalpor (60,714) 624 0.010 0.31 0.03 Unjha (60,664) 625 0.010 0.31 0.03 Dholka (60,579) 628 0.010 0.31 0.03 Sidhpur (60,341) 634 0.010 0.31 0.03 Viramgam (59,794) 640 0.010 0.31 0.03 Bardoli (58,519) 662 0.009 0.30 0.02 Palitana (58,486) 663 0.009 0.30 0.02 Una (57,727) 672 0.009 0.30 0.02 Petlad (57,607) 675 0.009 0.30 0.02 Bilimora (57,532) 677 0.009 0.30 0.02 Sihor (52,865) 731 0.008 0.27 0.02 Jodhpur (49,980) 760 0.008 0.26 0.02 Kapadvanj (49,462) 769 0.008 0.26 0.02 Thaltej (48,086) 794 0.008 0.25 0.02 Vastral (47,214) 809 0.008 0.24 0.02 Halol (46,294) 824 0.007 0.24 0.02 Limbdi (45,122) 845 0.007 0.23 0.02 NavagamGhed (44,464) 859 0.007 0.23 0.02 Jasdan (43,966) 869 0.007 0.23 0.02 Jambusar (43,662) 880 0.007 0.23 0.02 Chhaya (43,385) 890 0.007 0.23 0.02 Dahegam (42,888) 902 0.007 0.22 0.02 Memnagar (41,995) 921 0.007 0.22 0.02 Thangadh (41,529) 931 0.007 0.22 0.02 Khambhalia (41,059) 943 0.007 0.21 0.02 Vyara (40,782) 952 0.007 0.21 0.02 Chaklasi (40,588) 958 0.007 0.21 0.02 Padra (40,454) 961 0.006 0.21 0.02 Rajpipla (39,329) 994 0.006 0.20 0.02 Kali (38,541) 1,018 0.006 0.20 0.02 Balasinor (37,956) 1,034 0.006 0.20 0.02 Dwarka (37,855) 1,038 0.006 0.20 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Gujarat - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Lunawada (37,592) 1,048 0.006 0.19 0.02 Kodinar (36,720) 1,077 0.006 0.19 0.02 Rajula (36,480) 1,083 0.006 0.19 0.02 Sanand (36,429) 1,087 0.006 0.19 0.02 Umreth (36,253) 1,090 0.006 0.19 0.02 Radhanpur (36,123) 1,095 0.006 0.19 0.02 Bagasara (35,800) 1,105 0.006 0.19 0.02 Bavla (34,743) 1,131 0.006 0.18 0.01 Mahemdavad (34,651) 1,136 0.006 0.18 0.01 Gariadhar (34,370) 1,147 0.006 0.18 0.01 Idar (33,297) 1,176 0.005 0.17 0.01 Dhandhuka (33,284) 1,177 0.005 0.17 0.01 Vallabh Vidhyanagar (32,952) 1,188 0.005 0.17 0.01 Karamsad (32,625) 1,203 0.005 0.17 0.01 Un (32,390) 1,208 0.005 0.17 0.01 Joshipura (32,384) 1,209 0.005 0.17 0.01 Mansa (31,445) 1,239 0.005 0.16 0.01 Manavadar (31,036) 1,254 0.005 0.16 0.01 Ramol (31,013) 1,256 0.005 0.16 0.01 Salaya (30,303) 1,280 0.005 0.16 0.01 Gadhada (30,126) 1,286 0.005 0.16 0.01 Tarsali (30,079) 1,288 0.005 0.16 0.01 Karjan (29,668) 1,301 0.005 0.15 0.01 Talaja (29,491) 1,307 0.005 0.15 0.01 Khedbrahma (28,770) 1,339 0.005 0.15 0.01 Pardi (28,425) 1,350 0.005 0.15 0.01 Zalod (28,255) 1,355 0.005 0.15 0.01 Jafrabad (28,245) 1,356 0.005 0.15 0.01 Vadnagar (28,200) 1,358 0.005 0.15 0.01 Kalavad (27,993) 1,373 0.004 0.15 0.01 Vijapur (27,934) 1,377 0.004 0.14 0.01 Dungra (27,616) 1,386 0.004 0.14 0.01 Vastrapur (27,521) 1,393 0.004 0.14 0.01 Halvad (27,392) 1,404 0.004 0.14 0.01 Ranavav (27,255) 1,407 0.004 0.14 0.01 Kheda (27,066) 1,419 0.004 0.14 0.01 Vapi INA (26,853) 1,434 0.004 0.14 0.01 Dakor (26,785) 1,438 0.004 0.14 0.01 Dhrol (26,598) 1,449 0.004 0.14 0.01 Chhaprabhatha (26,365) 1,460 0.004 0.14 0.01 Sarkhej-Okaf (25,999) 1,486 0.004 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Gujarat - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chhota Udaipur (25,887) 1,492 0.004 0.13 0.01 Tharad (25,666) 1,508 0.004 0.13 0.01 Jam Jodhpur (25,509) 1,516 0.004 0.13 0.01 Songadh (25,255) 1,534 0.004 0.13 0.01 Prantij (25,120) 1,541 0.004 0.13 0.01 Dhanera (24,982) 1,548 0.004 0.13 0.01 Umbergaon (24,379) 1,579 0.004 0.13 0.01 Chorvad (23,870) 1,611 0.004 0.12 0.01 Motera (23,818) 1,616 0.004 0.12 0.01 Abrama (23,689) 1,625 0.004 0.12 0.01 Lathi (23,609) 1,631 0.004 0.12 0.01 Parvat (23,305) 1,658 0.004 0.12 0.01 Kheralu (22,684) 1,699 0.004 0.12 0.01 Dharampur (22,447) 1,718 0.004 0.12 0.01 Anklav (22,304) 1,732 0.004 0.12 0.01 Bhanvad (22,196) 1,737 0.004 0.12 0.01 Devgadbaria (21,623) 1,777 0.003 0.11 0.01 Okha port (21,225) 1,807 0.003 0.11 0.01 Bedi (21,139) 1,811 0.003 0.11 0.01 Alang (20,793) 1,838 0.003 0.11 0.01 Ode (20,782) 1,839 0.003 0.11 0.01 Harij (20,708) 1,849 0.003 0.11 0.01 Bhayavadar (20,548) 1,867 0.003 0.11 0.01 Makarba (20,372) 1,879 0.003 0.11 0.01 Visavadar (20,325) 1,882 0.003 0.11 0.01 Boriavi (20,114) 1,909 0.003 0.10 0.01 Sikka (19,932) 1,928 0.003 0.10 0.01 Mogravadi (19,730) 1,948 0.003 0.10 0.01 Talod (19,676) 1,953 0.003 0.10 0.01 Aadityana (19,412) 1,980 0.003 0.10 0.01 Kutiyana (19,266) 1,994 0.003 0.10 0.01 Chalala (19,049) 2,025 0.003 0.10 0.01 Surajkaradi (18,912) 2,044 0.003 0.10 0.01 Lambha (18,835) 2,048 0.003 0.10 0.01 Damnagar (18,823) 2,050 0.003 0.10 0.01 Anklesvar INA (18,343) 2,099 0.003 0.10 0.01 Jalalpore (18,296) 2,103 0.003 0.09 0.01 Chala (18,293) 2,104 0.003 0.09 0.01 Freelandgunj (18,113) 2,128 0.003 0.09 0.01 Vanthali (17,862) 2,171 0.003 0.09 0.01 Gandevi (17,842) 2,175 0.003 0.09 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Gujarat - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chanasma (17,815) 2,180 0.003 0.09 0.01 Santrampur (17,772) 2,185 0.003 0.09 0.01 Mahudha (17,771) 2,186 0.003 0.09 0.01 Bantwa (17,136) 2,266 0.003 0.09 0.01 Aarambhada (16,901) 2,298 0.003 0.09 0.01 Kadodara (16,689) 2,323 0.003 0.09 0.01 Ahmedabad Cantonment (16,569) 2,345 0.003 0.09 0.01 Gota (15,583) 2,483 0.002 0.08 0.01 Ambaji (15,431) 2,505 0.002 0.08 0.01 Mithapur (15,269) 2,517 0.002 0.08 0.01 Kosamba (15,257) 2,520 0.002 0.08 0.01 Andada (15,210) 2,529 0.002 0.08 0.01 Utran (14,521) 2,629 0.002 0.08 0.01 Sayan (14,478) 2,639 0.002 0.08 0.01 Chalthan (14,354) 2,657 0.002 0.07 0.01 Kevadiya (14,308) 2,664 0.002 0.07 0.01 Bopal (13,718) 2,757 0.002 0.07 0.01 Chanod (13,467) 2,796 0.002 0.07 0.01 Sachin (13,371) 2,809 0.002 0.07 0.01 Kanodar (12,532) 2,949 0.002 0.06 0.01 Ranoli (12,452) 2,962 0.002 0.06 0.01 Kharaghoda (12,306) 2,997 0.002 0.06 0.01 Palej (12,244) 3,006 0.002 0.06 0.01 Ukai (12,228) 3,009 0.002 0.06 0.01 Ghogha (12,218) 3,012 0.002 0.06 0.01 Parnera (12,065) 3,032 0.002 0.06 0.01 Bodeli (11,818) 3,075 0.002 0.06 0.01 Meghraj (11,139) 3,196 0.002 0.06 0.00 Singarva (11,131) 3,200 0.002 0.06 0.00 Adalaj (11,007) 3,218 0.002 0.06 0.00 Mahuvar (10,941) 3,236 0.002 0.06 0.00 Vartej (10,927) 3,242 0.002 0.06 0.00 Digvijaygram (10,732) 3,280 0.002 0.06 0.00 Maktampur (10,411) 3,354 0.002 0.05 0.00 Paddhari (10,389) 3,360 0.002 0.05 0.00 Bajva (10,268) 3,376 0.002 0.05 0.00 Devsar (9,988) 3,447 0.002 0.05 0.00 Nanakvada (9,391) 3,587 0.002 0.05 0.00 Ichchhapor (9,337) 3,601 0.001 0.05 0.00 Dhola (9,064) 3,667 0.001 0.05 0.00 Karachiya (8,707) 3,740 0.001 0.05 0.00 Nandej (8,603) 3,767 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Gujarat - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Petro Chemical Complex INA (8,262) 3,870 0.001 0.04 0.00 Nandesari (8,175) 3,898 0.001 0.04 0.00 Katpar (7,932) 3,949 0.001 0.04 0.00 Chikhli (7,830) 3,987 0.001 0.04 0.00 Aambaliyasan (7,586) 4,049 0.001 0.04 0.00 Limla (7,457) 4,072 0.001 0.04 0.00 Malpur (7,331) 4,100 0.001 0.04 0.00 Others (54,373) 30,000 0.009 0.28 0.02 Total 3.090 100.00 8.23 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

14.3 CITIES SORTED BY DISTRICT - GUJARAT City by District - Gujarat: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ramol (Ahmadabad; 31,013) 1,256 0.005 0.16 0.01 Bopal (Ahmadabad; 13,718) 2,757 0.002 0.07 0.01 Nandej (Ahmadabad; 8,603) 3,767 0.001 0.04 0.00 Makarba (Ahmadabad; 20,372) 1,879 0.003 0.11 0.01 Thaltej (Ahmadabad; 48,086) 794 0.008 0.25 0.02 Gota (Ahmadabad; 15,583) 2,483 0.002 0.08 0.01 Sarkhej-Okaf (Ahmadabad; 25,999) 1,486 0.004 0.13 0.01 Bavla (Ahmadabad; 34,743) 1,131 0.006 0.18 0.01 Kali (Ahmadabad; 38,541) 1,018 0.006 0.20 0.02 Sanand (Ahmadabad; 36,429) 1,087 0.006 0.19 0.02 Lambha (Ahmadabad; 18,835) 2,048 0.003 0.10 0.01 Jodhpur (Ahmadabad; 49,980) 760 0.008 0.26 0.02 Chandlodiya (Ahmadabad; 63,217) 597 0.010 0.33 0.03 Singarva (Ahmadabad; 11,131) 3,200 0.002 0.06 0.00 Ghatlodiya (Ahmadabad; 119,665) 288 0.019 0.62 0.05 Dhandhuka (Ahmadabad; 33,284) 1,177 0.005 0.17 0.01 Memnagar (Ahmadabad; 41,995) 921 0.007 0.22 0.02 Ahmedabad (Ahmadabad; 3,958,866) 3 0.635 20.53 1.69 Dholka (Ahmadabad; 60,579) 628 0.010 0.31 0.03 Vastral (Ahmadabad; 47,214) 809 0.008 0.24 0.02 Viramgam (Ahmadabad; 59,794) 640 0.010 0.31 0.03 Vastrapur (Ahmadabad; 27,521) 1,393 0.004 0.14 0.01 Vejalpur (Ahmadabad; 127,599) 268 0.020 0.66 0.05 Ahmedabad Cantonment (Ahmadabad; 16,569) 2,345 0.003 0.09 0.01 Ranip (Ahmadabad; 98,621) 357 0.016 0.51 0.04 Jafrabad (Amreli; 28,245) 1,356 0.005 0.15 0.01 Savarkundla (Amreli; 82,993) 436 0.013 0.43 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Gujarat: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Lathi (Amreli; 23,609) 1,631 0.004 0.12 0.01 Amreli (Amreli; 101,628) 347 0.016 0.53 0.04 Bagasara (Amreli; 35,800) 1,105 0.006 0.19 0.02 Chalala (Amreli; 19,049) 2,025 0.003 0.10 0.01 Damnagar (Amreli; 18,823) 2,050 0.003 0.10 0.01 Rajula (Amreli; 36,480) 1,083 0.006 0.19 0.02 Borsad (Anand; 63,674) 592 0.010 0.33 0.03 Khambhat (Anand; 90,587) 398 0.015 0.47 0.04 Ode (Anand; 20,782) 1,839 0.003 0.11 0.01 Boriavi (Anand; 20,114) 1,909 0.003 0.10 0.01 Petlad (Anand; 57,607) 675 0.009 0.30 0.02 Karamsad (Anand; 32,625) 1,203 0.005 0.17 0.01 Anand (Anand; 146,921) 221 0.024 0.76 0.06 Vallabh Vidhyanagar (Anand; 32,952) 1,188 0.005 0.17 0.01 Umreth (Anand; 36,253) 1,090 0.006 0.19 0.02 Anklav (Anand; 22,304) 1,732 0.004 0.12 0.01 Ambaji (Banas Kantha; 15,431) 2,505 0.002 0.08 0.01 Palanpur (Banas Kantha; 124,309) 274 0.020 0.64 0.05 Dhanera (Banas Kantha; 24,982) 1,548 0.004 0.13 0.01 Deesa (Banas Kantha; 93,854) 381 0.015 0.49 0.04 Tharad (Banas Kantha; 25,666) 1,508 0.004 0.13 0.01 Kanodar (Banas Kantha; 12,532) 2,949 0.002 0.06 0.01 Bharuch (Bharuch; 167,112) 196 0.027 0.87 0.07 Palej (Bharuch; 12,244) 3,006 0.002 0.06 0.01 Jambusar (Bharuch; 43,662) 880 0.007 0.23 0.02 Andada (Bharuch; 15,210) 2,529 0.002 0.08 0.01 Anklesvar (Bharuch; 76,525) 483 0.012 0.40 0.03 Anklesvar INA (Bharuch; 18,343) 2,099 0.003 0.10 0.01 Maktampur (Bharuch; 10,411) 3,354 0.002 0.05 0.00 Mahuva (Bhavnagar; 79,544) 461 0.013 0.41 0.03 Dhola (Bhavnagar; 9,064) 3,667 0.001 0.05 0.00 Gariadhar (Bhavnagar; 34,370) 1,147 0.006 0.18 0.01 Bhavnagar (Bhavnagar; 575,421) 52 0.092 2.98 0.25 Gadhada (Bhavnagar; 30,126) 1,286 0.005 0.16 0.01 Palitana (Bhavnagar; 58,486) 663 0.009 0.30 0.02 Katpar (Bhavnagar; 7,932) 3,949 0.001 0.04 0.00 Vartej (Bhavnagar; 10,927) 3,242 0.002 0.06 0.00 Alang (Bhavnagar; 20,793) 1,838 0.003 0.11 0.01 Ghogha (Bhavnagar; 12,218) 3,012 0.002 0.06 0.01 Talaja (Bhavnagar; 29,491) 1,307 0.005 0.15 0.01 Botad (Bhavnagar; 112,683) 309 0.018 0.58 0.05 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Gujarat: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sihor (Bhavnagar; 52,865) 731 0.008 0.27 0.02 Zalod (Dohad; 28,255) 1,355 0.005 0.15 0.01 Devgadbaria (Dohad; 21,623) 1,777 0.003 0.11 0.01 Dohad (Dohad; 89,175) 403 0.014 0.46 0.04 Freelandgunj (Dohad; 18,113) 2,128 0.003 0.09 0.01 Gandhinagar (Gandhinagar; 220,605) 143 0.035 1.14 0.09 Motera (Gandhinagar; 23,818) 1,616 0.004 0.12 0.01 Mansa (Gandhinagar; 31,445) 1,239 0.005 0.16 0.01 Dahegam (Gandhinagar; 42,888) 902 0.007 0.22 0.02 Adalaj (Gandhinagar; 11,007) 3,218 0.002 0.06 0.00 Chandkheda (Gandhinagar; 62,476) 607 0.010 0.32 0.03 Jamnagar (Jamnagar; 504,221) 62 0.081 2.62 0.22 Aarambhada (Jamnagar; 16,901) 2,298 0.003 0.09 0.01 Jam Jodhpur (Jamnagar; 25,509) 1,516 0.004 0.13 0.01 Khambhalia (Jamnagar; 41,059) 943 0.007 0.21 0.02 Bedi (Jamnagar; 21,139) 1,811 0.003 0.11 0.01 Bhanvad (Jamnagar; 22,196) 1,737 0.004 0.12 0.01 Surajkaradi (Jamnagar; 18,912) 2,044 0.003 0.10 0.01 Salaya (Jamnagar; 30,303) 1,280 0.005 0.16 0.01 Sikka (Jamnagar; 19,932) 1,928 0.003 0.10 0.01 Dwarka (Jamnagar; 37,855) 1,038 0.006 0.20 0.02 Kalavad (Jamnagar; 27,993) 1,373 0.004 0.15 0.01 Mithapur (Jamnagar; 15,269) 2,517 0.002 0.08 0.01 Dhrol (Jamnagar; 26,598) 1,449 0.004 0.14 0.01 Digvijaygram (Jamnagar; 10,732) 3,280 0.002 0.06 0.00 Okha port (Jamnagar; 21,225) 1,807 0.003 0.11 0.01 NavagamGhed (Jamnagar; 44,464) 859 0.007 0.23 0.02 Junagadh (Junagadh; 189,968) 165 0.030 0.99 0.08 Kodinar (Junagadh; 36,720) 1,077 0.006 0.19 0.02 Joshipura (Junagadh; 32,384) 1,209 0.005 0.17 0.01 Manavadar (Junagadh; 31,036) 1,254 0.005 0.16 0.01 Mangrol (Junagadh; 62,045) 613 0.010 0.32 0.03 Keshod (Junagadh; 71,233) 523 0.011 0.37 0.03 Chorvad (Junagadh; 23,870) 1,611 0.004 0.12 0.01 Bantwa (Junagadh; 17,136) 2,266 0.003 0.09 0.01 Una (Junagadh; 57,727) 672 0.009 0.30 0.02 Vanthali (Junagadh; 17,862) 2,171 0.003 0.09 0.01 Veraval (Junagadh; 159,022) 207 0.025 0.82 0.07 Visavadar (Junagadh; 20,325) 1,882 0.003 0.11 0.01 Chaklasi (Kheda; 40,588) 958 0.007 0.21 0.02 Balasinor (Kheda; 37,956) 1,034 0.006 0.20 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Gujarat: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kapadvanj (Kheda; 49,462) 769 0.008 0.26 0.02 Dakor (Kheda; 26,785) 1,438 0.004 0.14 0.01 Nadiad (Kheda; 217,123) 145 0.035 1.13 0.09 Kheda (Kheda; 27,066) 1,419 0.004 0.14 0.01 Mahudha (Kheda; 17,771) 2,186 0.003 0.09 0.01 Mahemdavad (Kheda; 34,651) 1,136 0.006 0.18 0.01 Unjha (Mahesana; 60,664) 625 0.010 0.31 0.03 Aambaliyasan (Mahesana; 7,586) 4,049 0.001 0.04 0.00 Visnagar (Mahesana; 74,131) 492 0.012 0.38 0.03 Vijapur (Mahesana; 27,934) 1,377 0.004 0.14 0.01 Kheralu (Mahesana; 22,684) 1,699 0.004 0.12 0.01 Mahesana (Mahesana; 111,475) 314 0.018 0.58 0.05 Vadnagar (Mahesana; 28,200) 1,358 0.005 0.15 0.01 Kadi (Mahesana; 63,336) 594 0.010 0.33 0.03 Rajpipla (Narmada; 39,329) 994 0.006 0.20 0.02 Kevadiya (Narmada; 14,308) 2,664 0.002 0.07 0.01 Chikhli (Navsari; 7,830) 3,987 0.001 0.04 0.00 Mahuvar (Navsari; 10,941) 3,236 0.002 0.06 0.00 Gandevi (Navsari; 17,842) 2,175 0.003 0.09 0.01 Navsari (Navsari; 150,916) 215 0.024 0.78 0.06 Devsar (Navsari; 9,988) 3,447 0.002 0.05 0.00 Bilimora (Navsari; 57,532) 677 0.009 0.30 0.02 Jalalpore (Navsari; 18,296) 2,103 0.003 0.09 0.01 Vijalpor (Navsari; 60,714) 624 0.010 0.31 0.03 Lunawada (Panch Mahals; 37,592) 1,048 0.006 0.19 0.02 Godhra (Panch Mahals; 137,225) 239 0.022 0.71 0.06 Santrampur (Panch Mahals; 17,772) 2,185 0.003 0.09 0.01 Halol (Panch Mahals; 46,294) 824 0.007 0.24 0.02 Kalol (Panch Mahals; 27,804) 310 0.018 0.58 0.05 Chanasma (Patan; 17,815) 2,180 0.003 0.09 0.01 Radhanpur (Patan; 36,123) 1,095 0.006 0.19 0.02 Sidhpur (Patan; 60,341) 634 0.010 0.31 0.03 Patan (Patan; 126,173) 270 0.020 0.65 0.05 Harij (Patan; 20,708) 1,849 0.003 0.11 0.01 Ranavav (Porbandar; 27,255) 1,407 0.004 0.14 0.01 Chhaya (Porbandar; 43,385) 890 0.007 0.23 0.02 Porbandar (Porbandar; 149,873) 218 0.024 0.78 0.06 Aadityana (Porbandar; 19,412) 1,980 0.003 0.10 0.01 Kutiyana (Porbandar; 19,266) 1,994 0.003 0.10 0.01 Jasdan (Rajkot; 43,966) 869 0.007 0.23 0.02 Dhoraji (Rajkot; 91,002) 397 0.015 0.47 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Gujarat: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Upleta (Rajkot; 62,323) 608 0.010 0.32 0.03 Paddhari (Rajkot; 10,389) 3,360 0.002 0.05 0.00 Bhayavadar (Rajkot; 20,548) 1,867 0.003 0.11 0.01 Rajkot (Rajkot; 1,088,595) 19 0.174 5.65 0.46 Gondal (Rajkot; 108,101) 320 0.017 0.56 0.05 Jetpur Navagadh (Rajkot; 117,471) 299 0.019 0.61 0.05 Prantij (Sabar Kantha; 25,120) 1,541 0.004 0.13 0.01 Talod (Sabar Kantha; 19,676) 1,953 0.003 0.10 0.01 Idar (Sabar Kantha; 33,297) 1,176 0.005 0.17 0.01 Meghraj (Sabar Kantha; 11,139) 3,196 0.002 0.06 0.00 Khedbrahma (Sabar Kantha; 28,770) 1,339 0.005 0.15 0.01 Modasa (Sabar Kantha; 60,876) 623 0.010 0.32 0.03 Himatnagar (Sabar Kantha; 65,618) 573 0.011 0.34 0.03 Malpur (Sabar Kantha; 7,331) 4,100 0.001 0.04 0.00 Sayan (Surat; 14,478) 2,639 0.002 0.08 0.01 Songadh (Surat; 25,255) 1,534 0.004 0.13 0.01 Parvat (Surat; 23,305) 1,658 0.004 0.12 0.01 Surat (Surat; 2,740,838) 8 0.439 14.22 1.17 Ichchhapor (Surat; 9,337) 3,601 0.001 0.05 0.00 Bardoli (Surat; 58,519) 662 0.009 0.30 0.02 Un (Surat; 32,390) 1,208 0.005 0.17 0.01 Limla (Surat; 7,457) 4,072 0.001 0.04 0.00 Utran (Surat; 14,521) 2,629 0.002 0.08 0.01 Kadodara (Surat; 16,689) 2,323 0.003 0.09 0.01 Kosamba (Surat; 15,257) 2,520 0.002 0.08 0.01 Vyara (Surat; 40,782) 952 0.007 0.21 0.02 Ukai (Surat; 12,228) 3,009 0.002 0.06 0.01 Chalthan (Surat; 14,354) 2,657 0.002 0.07 0.01 Chhaprabhatha (Surat; 26,365) 1,460 0.004 0.14 0.01 Sachin (Surat; 13,371) 2,809 0.002 0.07 0.01 Thangadh (Surendranagar; 41,529) 931 0.007 0.22 0.02 Dhrangadhra (Surendranagar; 79,567) 460 0.013 0.41 0.03 Wadhwan (Surendranagar; 69,528) 538 0.011 0.36 0.03 Halvad (Surendranagar; 27,392) 1,404 0.004 0.14 0.01 Kharaghoda (Surendranagar; 12,306) 2,997 0.002 0.06 0.01 Limbdi (Surendranagar; 45,122) 845 0.007 0.23 0.02 Surendranagar Dudhrej (Surendranagar; 176,151) 178 0.028 0.91 0.08 Vadodara (Vadodara; 1,470,807) 14 0.236 7.63 0.63 Padra (Vadodara; 40,454) 961 0.006 0.21 0.02 Bodeli (Vadodara; 11,818) 3,075 0.002 0.06 0.01 Dabhoi (Vadodara; 61,860) 615 0.010 0.32 0.03 Nandesari (Vadodara; 8,175) 3,898 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Gujarat: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Karachiya (Vadodara; 8,707) 3,740 0.001 0.05 0.00 Bajva (Vadodara; 10,268) 3,376 0.002 0.05 0.00 Chhota Udaipur (Vadodara; 25,887) 1,492 0.004 0.13 0.01 Petro Chemical Complex INA (Vadodara; 8,262) 3,870 0.001 0.04 0.00 Ranoli (Vadodara; 12,452) 2,962 0.002 0.06 0.01 Karjan (Vadodara; 29,668) 1,301 0.005 0.15 0.01 Tarsali (Vadodara; 30,079) 1,288 0.005 0.16 0.01 Vapi INA (Valsad; 26,853) 1,434 0.004 0.14 0.01 Parnera (Valsad; 12,065) 3,032 0.002 0.06 0.01 Dharampur (Valsad; 22,447) 1,718 0.004 0.12 0.01 Abrama (Valsad; 23,689) 1,625 0.004 0.12 0.01 Pardi (Valsad; 28,425) 1,350 0.005 0.15 0.01 Vapi (Valsad; 80,402) 451 0.013 0.42 0.03 Valsad (Valsad; 77,508) 472 0.012 0.40 0.03 Umbergaon (Valsad; 24,379) 1,579 0.004 0.13 0.01 Nanakvada (Valsad; 9,391) 3,587 0.002 0.05 0.00 Mogravadi (Valsad; 19,730) 1,948 0.003 0.10 0.01 Chanod (Valsad; 13,467) 2,796 0.002 0.07 0.01 Chala (Valsad; 18,293) 2,104 0.003 0.09 0.01 Dungra (Valsad; 27,616) 1,386 0.004 0.14 0.01 Others (N/A; 54,373) 30,000 0.009 0.28 0.02 Total 3.090 100.00 8.23 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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15 HARYANA 15.1 LATENT DEMAND BY YEAR - HARYANA

The Latent Demand for Depilatories in Haryana: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.724 3.10 2005 0.797 3.10 2006 0.878 3.10 2007 0.967 3.10 2008 1.064 3.11 2009 1.167 3.11 2010 1.280 3.11 2011 1.403 3.11 2012 1.539 3.10 2013 1.687 3.10 2014 1.850 3.10 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Haryana - Top Cities: Depilatories in 2009

Faridabad

Rohtak

Panipat

Hisar

Others

The Latent Demand for Depilatories in India and Haryana: 2009

HaryanaIndia

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15.2 CITIES SORTED BY RANK - HARYANA Haryana - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Faridabad (1,216,311) 16 0.204 17.51 0.54 Rohtak (330,627) 85 0.056 4.76 0.15 Panipat (301,679) 96 0.051 4.34 0.13 Hisar (296,082) 100 0.050 4.26 0.13 Sonipat (249,277) 112 0.042 3.59 0.11 Karnal (242,662) 116 0.041 3.49 0.11 Yamunanagar (218,579) 138 0.037 3.15 0.10 Gurgaon (200,080) 148 0.034 2.88 0.09 Bhiwani (195,333) 150 0.033 2.81 0.09 Sirsa (184,616) 160 0.031 2.66 0.08 Panchkula Urban Estate (162,553) 189 0.027 2.34 0.07 Ambala (160,512) 194 0.027 2.31 0.07 Jind (156,900) 199 0.026 2.26 0.07 Thanesar (138,434) 224 0.023 1.99 0.06 Bahadurgarh (138,165) 225 0.023 1.99 0.06 Kaithal (135,152) 230 0.023 1.95 0.06 Ambala Sadar (122,646) 264 0.021 1.77 0.05 Jagadhri (116,791) 282 0.020 1.68 0.05 Rewari (116,383) 283 0.020 1.68 0.05 Palwal (115,901) 284 0.019 1.67 0.05 Hansi (87,311) 394 0.015 1.26 0.04 Narnaul (71,586) 488 0.012 1.03 0.03 Ambala Cantt. (71,049) 491 0.012 1.02 0.03 Fatehabad (69,017) 509 0.012 0.99 0.03 Mandi Dabwali (62,041) 580 0.010 0.89 0.03 Tohana (59,396) 611 0.010 0.85 0.03 Narwana (58,406) 620 0.010 0.84 0.03 Gohana (55,937) 659 0.009 0.81 0.03 Charkhi Dadri (51,757) 715 0.009 0.74 0.02 Jhajjar (44,969) 810 0.008 0.65 0.02 Hodal (44,164) 825 0.007 0.64 0.02 Shahbad (42,808) 851 0.007 0.62 0.02 Panipt Taraf Makhdum Zadgan (40,525) 911 0.007 0.58 0.02 Pehowa (38,677) 960 0.006 0.56 0.02 Barwala (38,196) 970 0.006 0.55 0.02 Ellenabad (37,800) 987 0.006 0.54 0.02 Cheeka (37,039) 1,012 0.006 0.53 0.02 Panipat Taraf Ansar (35,976) 1,042 0.006 0.52 0.02 Kalka (35,610) 1,055 0.006 0.51 0.02 Gharaunda (34,794) 1,084 0.006 0.50 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Haryana - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Samalkha (34,422) 1,097 0.006 0.50 0.02 Ganaur (33,441) 1,122 0.006 0.48 0.01 Sohna (31,787) 1,175 0.005 0.46 0.01 Safidon (31,754) 1,178 0.005 0.46 0.01 Pinjore (29,397) 1,261 0.005 0.42 0.01 Kalan Wali (29,002) 1,277 0.005 0.42 0.01 Mahendragarh (27,644) 1,330 0.005 0.40 0.01 Ratia (27,464) 1,338 0.005 0.40 0.01 Assandh (26,179) 1,398 0.004 0.38 0.01 Ladwa (25,870) 1,416 0.004 0.37 0.01 Taraori (25,601) 1,436 0.004 0.37 0.01 Babiyal (24,961) 1,473 0.004 0.36 0.01 Rania (24,163) 1,530 0.004 0.35 0.01 Dharuhera (21,779) 1,686 0.004 0.31 0.01 Panipat Taraf Rajputan (21,682) 1,694 0.004 0.31 0.01 Kharkhoda (21,627) 1,702 0.004 0.31 0.01 Naraingarh (20,994) 1,752 0.004 0.30 0.01 Maham (20,944) 1,757 0.004 0.30 0.01 Ferozepur Jhirka (20,466) 1,793 0.003 0.29 0.01 Bawani Khera (20,105) 1,817 0.003 0.29 0.01 Taoru (19,861) 1,835 0.003 0.29 0.01 Gurgaon Rural (19,715) 1,850 0.003 0.28 0.01 Haileymandi (19,683) 1,856 0.003 0.28 0.01 Pundri (19,625) 1,865 0.003 0.28 0.01 Kalanaur (19,423) 1,880 0.003 0.28 0.01 Kalayat (19,308) 1,895 0.003 0.28 0.01 Nilokheri (18,908) 1,942 0.003 0.27 0.01 Beri (18,615) 1,972 0.003 0.27 0.01 Pataudi (18,521) 1,981 0.003 0.27 0.01 Siwani (18,273) 2,011 0.003 0.26 0.01 Sasauli (18,162) 2,028 0.003 0.26 0.01 Narnaund (17,425) 2,108 0.003 0.25 0.01 Kansepur (17,228) 2,135 0.003 0.25 0.01 Indri (16,735) 2,217 0.003 0.24 0.01 Uchana (16,256) 2,278 0.003 0.23 0.01 Julana (15,727) 2,359 0.003 0.23 0.01 Sadaura (15,197) 2,440 0.003 0.22 0.01 Punahana (15,193) 2,442 0.003 0.22 0.01 Bawal (13,854) 2,631 0.002 0.20 0.01 Radaur (13,532) 2,681 0.002 0.19 0.01 Loharu (13,168) 2,744 0.002 0.19 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Haryana - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Tosham (12,995) 2,767 0.002 0.19 0.01 Nuh (12,726) 2,817 0.002 0.18 0.01 Uklanamandi (12,608) 2,838 0.002 0.18 0.01 Hathin (12,582) 2,843 0.002 0.18 0.01 Dundahera (12,267) 2,902 0.002 0.18 0.01 Uncha Siwana (12,231) 2,907 0.002 0.18 0.01 Sukhrali (11,972) 2,948 0.002 0.17 0.01 Kanina (11,755) 2,995 0.002 0.17 0.01 Buria (11,332) 3,065 0.002 0.16 0.01 Chhachhrauli (11,206) 3,090 0.002 0.16 0.01 Bilaspur (11,091) 3,109 0.002 0.16 0.00 Kardhan (11,044) 3,118 0.002 0.16 0.00 Farrukhnagar (10,976) 3,132 0.002 0.16 0.00 Hassanpur (10,479) 3,226 0.002 0.15 0.00 Farakhpur (10,074) 3,323 0.002 0.15 0.00 Mustafabad (9,815) 3,373 0.002 0.14 0.00 Asan Khurd (9,297) 3,504 0.002 0.13 0.00 Ladrawan (9,231) 3,529 0.002 0.13 0.00 Nagai Chaudhry (8,495) 3,697 0.001 0.12 0.00 Raipur Rani (8,102) 3,799 0.001 0.12 0.00 Jakhal Mandi (7,944) 3,848 0.001 0.11 0.00 Tilpat (7,352) 4,021 0.001 0.11 0.00 Ateli (6,538) 4,216 0.001 0.09 0.00 Sankhol (5,970) 4,362 0.001 0.09 0.00 Total 1.167 100.00 3.11 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

15.3 CITIES SORTED BY DISTRICT - HARYANA City by District - Haryana: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ambala Cantt. (Ambala; 71,049) 491 0.012 1.02 0.03 Kardhan (Ambala; 11,044) 3,118 0.002 0.16 0.00 Ambala (Ambala; 160,512) 194 0.027 2.31 0.07 Ambala Sadar (Ambala; 122,646) 264 0.021 1.77 0.05 Babiyal (Ambala; 24,961) 1,473 0.004 0.36 0.01 Naraingarh (Ambala; 20,994) 1,752 0.004 0.30 0.01 Siwani (Bhiwani; 18,273) 2,011 0.003 0.26 0.01 Tosham (Bhiwani; 12,995) 2,767 0.002 0.19 0.01 Charkhi Dadri (Bhiwani; 51,757) 715 0.009 0.74 0.02 Loharu (Bhiwani; 13,168) 2,744 0.002 0.19 0.01 Bhiwani (Bhiwani; 195,333) 150 0.033 2.81 0.09 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Haryana: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bawani Khera (Bhiwani; 20,105) 1,817 0.003 0.29 0.01 Faridabad (Faridabad; 1,216,311) 16 0.204 17.51 0.54 Palwal (Faridabad; 115,901) 284 0.019 1.67 0.05 Hathin (Faridabad; 12,582) 2,843 0.002 0.18 0.01 Hodal (Faridabad; 44,164) 825 0.007 0.64 0.02 Tilpat (Faridabad; 7,352) 4,021 0.001 0.11 0.00 Hassanpur (Faridabad; 10,479) 3,226 0.002 0.15 0.00 Fatehabad (Fatehabad; 69,017) 509 0.012 0.99 0.03 Jakhal Mandi (Fatehabad; 7,944) 3,848 0.001 0.11 0.00 Ratia (Fatehabad; 27,464) 1,338 0.005 0.40 0.01 Tohana (Fatehabad; 59,396) 611 0.010 0.85 0.03 Ferozepur Jhirka (Gurgaon; 20,466) 1,793 0.003 0.29 0.01 Nuh (Gurgaon; 12,726) 2,817 0.002 0.18 0.01 Haileymandi (Gurgaon; 19,683) 1,856 0.003 0.28 0.01 Gurgaon Rural (Gurgaon; 19,715) 1,850 0.003 0.28 0.01 Gurgaon (Gurgaon; 200,080) 148 0.034 2.88 0.09 Pataudi (Gurgaon; 18,521) 1,981 0.003 0.27 0.01 Sohna (Gurgaon; 31,787) 1,175 0.005 0.46 0.01 Taoru (Gurgaon; 19,861) 1,835 0.003 0.29 0.01 Farrukhnagar (Gurgaon; 10,976) 3,132 0.002 0.16 0.00 Sukhrali (Gurgaon; 11,972) 2,948 0.002 0.17 0.01 Dundahera (Gurgaon; 12,267) 2,902 0.002 0.18 0.01 Punahana (Gurgaon; 15,193) 2,442 0.003 0.22 0.01 Uklanamandi (Hisar; 12,608) 2,838 0.002 0.18 0.01 Hisar (Hisar; 296,082) 100 0.050 4.26 0.13 Narnaund (Hisar; 17,425) 2,108 0.003 0.25 0.01 Barwala (Hisar; 38,196) 970 0.006 0.55 0.02 Hansi (Hisar; 87,311) 394 0.015 1.26 0.04 Ladrawan (Jhajjar; 9,231) 3,529 0.002 0.13 0.00 Bahadurgarh (Jhajjar; 138,165) 225 0.023 1.99 0.06 Jhajjar (Jhajjar; 44,969) 810 0.008 0.65 0.02 Sankhol (Jhajjar; 5,970) 4,362 0.001 0.09 0.00 Beri (Jhajjar; 18,615) 1,972 0.003 0.27 0.01 Safidon (Jind; 31,754) 1,178 0.005 0.46 0.01 Narwana (Jind; 58,406) 620 0.010 0.84 0.03 Jind (Jind; 156,900) 199 0.026 2.26 0.07 Julana (Jind; 15,727) 2,359 0.003 0.23 0.01 Uchana (Jind; 16,256) 2,278 0.003 0.23 0.01 Pundri (Kaithal; 19,625) 1,865 0.003 0.28 0.01 Cheeka (Kaithal; 37,039) 1,012 0.006 0.53 0.02 Kaithal (Kaithal; 135,152) 230 0.023 1.95 0.06 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Haryana: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kalayat (Kaithal; 19,308) 1,895 0.003 0.28 0.01 Gharaunda (Karnal; 34,794) 1,084 0.006 0.50 0.02 Assandh (Karnal; 26,179) 1,398 0.004 0.38 0.01 Indri (Karnal; 16,735) 2,217 0.003 0.24 0.01 Uncha Siwana (Karnal; 12,231) 2,907 0.002 0.18 0.01 Taraori (Karnal; 25,601) 1,436 0.004 0.37 0.01 Karnal (Karnal; 242,662) 116 0.041 3.49 0.11 Nilokheri (Karnal; 18,908) 1,942 0.003 0.27 0.01 Ladwa (Kurukshetra; 25,870) 1,416 0.004 0.37 0.01 Thanesar (Kurukshetra; 138,434) 224 0.023 1.99 0.06 Shahbad (Kurukshetra; 42,808) 851 0.007 0.62 0.02 Pehowa (Kurukshetra; 38,677) 960 0.006 0.56 0.02 Narnaul (Mahendragarh; 71,586) 488 0.012 1.03 0.03 Nagai Chaudhry (Mahendragarh; 8,495) 3,697 0.001 0.12 0.00 Kanina (Mahendragarh; 11,755) 2,995 0.002 0.17 0.01 Mahendragarh (Mahendragarh; 27,644) 1,330 0.005 0.40 0.01 Ateli (Mahendragarh; 6,538) 4,216 0.001 0.09 0.00 Pinjore (Panchkula; 29,397) 1,261 0.005 0.42 0.01 Panchkula Urban Estate (Panchkula; 162,553) 189 0.027 2.34 0.07 Raipur Rani (Panchkula; 8,102) 3,799 0.001 0.12 0.00 Kalka (Panchkula; 35,610) 1,055 0.006 0.51 0.02 Panipat (Panipat; 301,679) 96 0.051 4.34 0.13 Panipat Taraf Ansar (Panipat; 35,976) 1,042 0.006 0.52 0.02 Panipat Taraf Rajputan (Panipat; 21,682) 1,694 0.004 0.31 0.01 Panipt Taraf Makhdum Zadgan (Panipat; 40,525) 911 0.007 0.58 0.02 Asan Khurd (Panipat; 9,297) 3,504 0.002 0.13 0.00 Samalkha (Panipat; 34,422) 1,097 0.006 0.50 0.02 Rewari (Rewari; 5,134) 283 0.020 1.68 0.05 Bawal (Rewari; 13,854) 2,631 0.002 0.20 0.01 Dharuhera (Rewari; 21,779) 1,686 0.004 0.31 0.01 Kalanaur (Rohtak; 19,423) 1,880 0.003 0.28 0.01 Rohtak (Rohtak; 330,627) 85 0.056 4.76 0.15 Maham (Rohtak; 20,944) 1,757 0.004 0.30 0.01 Rania (Sirsa; 24,163) 1,530 0.004 0.35 0.01 Mandi Dabwali (Sirsa; 62,041) 580 0.010 0.89 0.03 Kalan Wali (Sirsa; 29,002) 1,277 0.005 0.42 0.01 Ellenabad (Sirsa; 37,800) 987 0.006 0.54 0.02 Sirsa (Sirsa; 184,616) 160 0.031 2.66 0.08 Kharkhoda (Sonipat; 21,627) 1,702 0.004 0.31 0.01 Gohana (Sonipat; 55,937) 659 0.009 0.81 0.03 Ganaur (Sonipat; 33,441) 1,122 0.006 0.48 0.01 Sonipat (Sonipat; 249,277) 112 0.042 3.59 0.11 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Haryana: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kansepur (Yamunanagar; 17,228) 2,135 0.003 0.25 0.01 Yamunanagar (Yamunanagar; 218,579) 138 0.037 3.15 0.10 Chhachhrauli (Yamunanagar; 11,206) 3,090 0.002 0.16 0.01 Sasauli (Yamunanagar; 18,162) 2,028 0.003 0.26 0.01 Sadaura (Yamunanagar; 15,197) 2,440 0.003 0.22 0.01 Bilaspur (Yamunanagar; 11,091) 3,109 0.002 0.16 0.00 Buria (Yamunanagar; 11,332) 3,065 0.002 0.16 0.01 Radaur (Yamunanagar; 13,532) 2,681 0.002 0.19 0.01 Mustafabad (Yamunanagar; 9,815) 3,373 0.002 0.14 0.00 Farakhpur (Yamunanagar; 10,074) 3,323 0.002 0.15 0.00 Jagadhri (Yamunanagar; 116,791) 282 0.020 1.68 0.05 Total 1.167 100.00 3.11 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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16 HIMACHAL PRADESH 16.1 LATENT DEMAND BY YEAR - HIMACHAL PRADESH

The Latent Demand for Depilatories in Himachal Pradesh: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.173 0.74 2005 0.189 0.73 2006 0.207 0.73 2007 0.226 0.72 2008 0.246 0.72 2009 0.269 0.71 2010 0.293 0.71 2011 0.319 0.71 2012 0.347 0.70 2013 0.378 0.70 2014 0.412 0.69 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Himachal Pradesh - Top Cities: Depilatories in 2009

Shimla

Solan

Mandi

Nahan

Others

The Latent Demand for Depilatories in India and Himachal Pradesh: 2009

Himachal PradeshIndia

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16.2 CITIES SORTED BY RANK - HIMACHAL PRADESH Himachal Pradesh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Shimla (154,528) 74 0.064 23.98 0.17 Solan (37,174) 369 0.015 5.77 0.04 Mandi (29,195) 484 0.012 4.53 0.03 Nahan (28,231) 500 0.012 4.38 0.03 Sundarnagar (26,065) 555 0.011 4.04 0.03 Baddi (24,557) 590 0.010 3.81 0.03 Chamba (22,079) 680 0.009 3.43 0.02 Paonta Sahib (20,747) 718 0.009 3.22 0.02 Dharmsala (20,690) 719 0.009 3.21 0.02 Kullu (19,899) 740 0.008 3.09 0.02 Hamirpur (18,717) 784 0.008 2.90 0.02 Una (17,283) 848 0.007 2.68 0.02 Bilaspur (14,194) 1,071 0.006 2.20 0.02 Yol (11,709) 1,275 0.005 1.82 0.01 Nalagarh (10,254) 1,446 0.004 1.59 0.01 Kangra (9,951) 1,494 0.004 1.54 0.01 Nurpur (9,832) 1,511 0.004 1.53 0.01 Mehatpur Basdehra (9,442) 1,574 0.004 1.46 0.01 Parwanoo (9,358) 1,583 0.004 1.45 0.01 Santokhgarh (9,026) 1,643 0.004 1.40 0.01 Dalhousie (8,064) 1,825 0.003 1.25 0.01 Tira Sujanpur (7,693) 1,921 0.003 1.19 0.01 Rohru (7,181) 2,062 0.003 1.11 0.01 Manali (6,810) 2,196 0.003 1.06 0.01 Sabathu (6,218) 2,405 0.003 0.96 0.01 Ghumarwin (6,218) 2,406 0.003 0.96 0.01 Nagrota Bagwan (6,147) 2,434 0.003 0.95 0.01 Rampur (6,145) 2,435 0.003 0.95 0.01 Mant Khas (5,696) 2,583 0.002 0.88 0.01 Jogindarnagar (5,485) 2,672 0.002 0.85 0.01 Kasauli (5,428) 2,691 0.002 0.84 0.01 Jawalamukhi (5,360) 2,713 0.002 0.83 0.01 Nadaun (4,788) 2,965 0.002 0.74 0.01 Dera Gopipur (4,713) 3,004 0.002 0.73 0.01 Bhuntar (4,631) 3,035 0.002 0.72 0.01 Palampur (4,355) 3,161 0.002 0.68 0.00 Theog (4,081) 3,311 0.002 0.63 0.00 Sarkaghat (4,028) 3,342 0.002 0.63 0.00 Daulatpur (3,644) 3,571 0.002 0.57 0.00 Gagret (3,457) 3,684 0.001 0.54 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Himachal Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chuari Khas (3,278) 3,787 0.001 0.51 0.00 Arki (3,127) 3,909 0.001 0.49 0.00 Dagshai (2,990) 4,003 0.001 0.46 0.00 Rajgarh (2,747) 4,150 0.001 0.43 0.00 Jutogh (2,627) 4,222 0.001 0.41 0.00 Others (16,658) 30,000 0.007 2.58 0.02 Total 0.269 100.00 0.71 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

16.3 CITIES SORTED BY DISTRICT - HIMACHAL PRADESH City by District - Himachal Pradesh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ghumarwin (Bilaspur; 6,218) 2,406 0.003 0.96 0.01 Bilaspur (Bilaspur; 14,194) 1,071 0.006 2.20 0.02 Chamba (Chamba; 22,079) 680 0.009 3.43 0.02 Chuari Khas (Chamba; 3,278) 3,787 0.001 0.51 0.00 Dalhousie (Chamba; 8,064) 1,825 0.003 1.25 0.01 Nadaun (Hamirpur; 4,788) 2,965 0.002 0.74 0.01 Hamirpur (Hamirpur; 18,717) 784 0.008 2.90 0.02 Tira Sujanpur (Hamirpur; 7,693) 1,921 0.003 1.19 0.01 Dera Gopipur (Kangra; 4,713) 3,004 0.002 0.73 0.01 Dharmsala (Kangra; 20,690) 719 0.009 3.21 0.02 Mant Khas (Kangra; 5,696) 2,583 0.002 0.88 0.01 Nagrota Bagwan (Kangra; 6,147) 2,434 0.003 0.95 0.01 Kangra (Kangra; 9,951) 1,494 0.004 1.54 0.01 Palampur (Kangra; 4,355) 3,161 0.002 0.68 0.00 Nurpur (Kangra; 9,832) 1,511 0.004 1.53 0.01 Yol (Kangra; 11,709) 1,275 0.005 1.82 0.01 Jawalamukhi (Kangra; 5,360) 2,713 0.002 0.83 0.01 Kullu (Kullu; 19,899) 740 0.008 3.09 0.02 Manali (Kullu; 6,810) 2,196 0.003 1.06 0.01 Bhuntar (Kullu; 4,631) 3,035 0.002 0.72 0.01 Jogindarnagar (Mandi; 5,485) 2,672 0.002 0.85 0.01 Sarkaghat (Mandi; 4,028) 3,342 0.002 0.63 0.00 Mandi (Mandi; 29,195) 484 0.012 4.53 0.03 Sundarnagar (Mandi; 26,065) 555 0.011 4.04 0.03 Shimla (Shimla; 154,528) 74 0.064 23.98 0.17 Theog (Shimla; 4,081) 3,311 0.002 0.63 0.00 Rampur (Shimla; 6,145) 2,435 0.003 0.95 0.01 Jutogh (Shimla; 2,627) 4,222 0.001 0.41 0.00 Rohru (Shimla; 7,181) 2,062 0.003 1.11 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Himachal Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Rajgarh (Sirmaur; 2,747) 4,150 0.001 0.43 0.00 Nahan (Sirmaur; 28,231) 500 0.012 4.38 0.03 Paonta Sahib (Sirmaur; 20,747) 718 0.009 3.22 0.02 Sabathu (Solan; 6,218) 2,405 0.003 0.96 0.01 Kasauli (Solan; 5,428) 2,691 0.002 0.84 0.01 Parwanoo (Solan; 9,358) 1,583 0.004 1.45 0.01 Arki (Solan; 3,127) 3,909 0.001 0.49 0.00 Nalagarh (Solan; 10,254) 1,446 0.004 1.59 0.01 Baddi (Solan; 24,557) 590 0.010 3.81 0.03 Dagshai (Solan; 2,990) 4,003 0.001 0.46 0.00 Solan (Solan; 37,174) 369 0.015 5.77 0.04 Una (Una; 17,283) 848 0.007 2.68 0.02 Daulatpur (Una; 3,644) 3,571 0.002 0.57 0.00 Gagret (Una; 3,457) 3,684 0.001 0.54 0.00 Mehatpur Basdehra (Una; 9,442) 1,574 0.004 1.46 0.01 Santokhgarh (Una; 9,026) 1,643 0.004 1.40 0.01 Others (N/A; 16,658) 30,000 0.007 2.58 0.02 Total 0.269 100.00 0.71 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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17 JAMMU & KASHMIR 17.1 LATENT DEMAND BY YEAR - JAMMU & KASHMIR

The Latent Demand for Depilatories in Jammu & Kashmir: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.161 0.69 2005 0.173 0.67 2006 0.185 0.65 2007 0.199 0.64 2008 0.213 0.62 2009 0.228 0.61 2010 0.244 0.59 2011 0.262 0.58 2012 0.280 0.57 2013 0.300 0.55 2014 0.322 0.54 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Jammu & Kashmir - Top Cities: Depilatories in 2009

Srinagar

Jammu Anantnag

Baramula

Others

The Latent Demand for Depilatories in India and Jammu & Kashmir: 2009

Jammu & KashmirIndia

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17.2 CITIES SORTED BY RANK - JAMMU & KASHMIR Jammu & Kashmir - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Srinagar (1,025,765) 53 0.092 40.41 0.25 Jammu (433,751) 124 0.039 17.09 0.10 Anantnag (72,710) 954 0.007 2.86 0.02 Baramula (70,996) 982 0.006 2.80 0.02 Udhampur (67,895) 1,033 0.006 2.68 0.02 Sopore (61,030) 1,154 0.005 2.40 0.01 Kathua (45,854) 1,506 0.004 1.81 0.01 Bari Brahmana (36,238) 1,887 0.003 1.43 0.01 Jammu Cantonment (34,508) 1,988 0.003 1.36 0.01 Leh (31,535) 2,200 0.003 1.24 0.01 Bandipore (29,473) 2,352 0.003 1.16 0.01 Punch (26,869) 2,549 0.002 1.06 0.01 Rajauri (23,925) 2,801 0.002 0.94 0.01 Samba (22,879) 2,906 0.002 0.90 0.01 Bijbehara (22,583) 2,926 0.002 0.89 0.01 Duru-Verinag (19,172) 3,276 0.002 0.76 0.00 Pampore (19,021) 3,300 0.002 0.75 0.00 Badgam (18,261) 3,388 0.002 0.72 0.00 Kishtwar (18,117) 3,402 0.002 0.71 0.00 Pulwama (17,790) 3,452 0.002 0.70 0.00 Kupwara (16,861) 3,575 0.002 0.66 0.00 Ganderbal (15,982) 3,690 0.001 0.63 0.00 Ranbir Singh Pora (15,546) 3,739 0.001 0.61 0.00 Kulgam (15,500) 3,748 0.001 0.61 0.00 Badami Bagh (15,447) 3,753 0.001 0.61 0.00 Doda (15,186) 3,792 0.001 0.60 0.00 Shupiyan (14,208) 3,942 0.001 0.56 0.00 Tral (13,304) 4,075 0.001 0.52 0.00 Pattan (13,077) 4,103 0.001 0.52 0.00 Bhaderwah (12,435) 4,185 0.001 0.49 0.00 Akhnoor (12,344) 4,198 0.001 0.49 0.00 Sumbal (12,307) 4,205 0.001 0.48 0.00 Handwara (12,177) 4,225 0.001 0.48 0.00 Kargil (11,398) 4,324 0.001 0.45 0.00 Hajan (11,366) 4,331 0.001 0.45 0.00 Others (232,633) 30,000 0.021 9.17 0.06 Total 0.228 100.00 0.61 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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17.3 CITIES SORTED BY DISTRICT - JAMMU & KASHMIR City by District - Jammu & Kashmir: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Duru-Verinag (Anantnag; 19,172) 3,276 0.002 0.76 0.00 Anantnag (Anantnag; 72,710) 954 0.007 2.86 0.02 Kulgam (Anantnag; 15,500) 3,748 0.001 0.61 0.00 Bijbehara (Anantnag; 22,583) 2,926 0.002 0.89 0.01 Badgam (Badgam; 18,261) 3,388 0.002 0.72 0.00 Baramula (Baramula; 70,996) 982 0.006 2.80 0.02 Hajan (Baramula; 11,366) 4,331 0.001 0.45 0.00 Pattan (Baramula; 13,077) 4,103 0.001 0.52 0.00 Bandipore (Baramula; 29,473) 2,352 0.003 1.16 0.01 Sopore (Baramula; 61,030) 1,154 0.005 2.40 0.01 Sumbal (Baramula; 12,307) 4,205 0.001 0.48 0.00 Bhaderwah (Doda; 12,435) 4,185 0.001 0.49 0.00 Doda (Doda; 15,186) 3,792 0.001 0.60 0.00 Kishtwar (Doda; 18,117) 3,402 0.002 0.71 0.00 Jammu Cantonment (Jammu; 34,508) 1,988 0.003 1.36 0.01 Ranbir Singh Pora (Jammu; 15,546) 3,739 0.001 0.61 0.00 Jammu (Jammu; 433,751) 124 0.039 17.09 0.10 Samba (Jammu; 22,879) 2,906 0.002 0.90 0.01 Akhnoor (Jammu; 12,344) 4,198 0.001 0.49 0.00 Bari Brahmana (Jammu; 36,238) 1,887 0.003 1.43 0.01 Kargil (Kargil; 11,398) 4,324 0.001 0.45 0.00 Kathua (Kathua; 45,854) 1,506 0.004 1.81 0.01 Handwara (Kupwara; 12,177) 4,225 0.001 0.48 0.00 Kupwara (Kupwara; 16,861) 3,575 0.002 0.66 0.00 Leh (Leh; 31,535) 2,200 0.003 1.24 0.01 Pampore (Pulwama; 19,021) 3,300 0.002 0.75 0.00 Tral (Pulwama; 13,304) 4,075 0.001 0.52 0.00 Shupiyan (Pulwama; 14,208) 3,942 0.001 0.56 0.00 Pulwama (Pulwama; 17,790) 3,452 0.002 0.70 0.00 Punch (Punch; 26,869) 2,549 0.002 1.06 0.01 Rajauri (Rajauri; 23,925) 2,801 0.002 0.94 0.01 Badami Bagh (Srinagar; 15,447) 3,753 0.001 0.61 0.00 Srinagar (Srinagar; 1,025,765) 53 0.092 40.41 0.25 Ganderbal (Srinagar; 15,982) 3,690 0.001 0.63 0.00 Udhampur (Udhampur; 67,895) 1,033 0.006 2.68 0.02 Others (N/A; 232,633) 30,000 0.021 9.17 0.06 Total 0.228 100.00 0.61 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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18 JHARKHAND 18.1 LATENT DEMAND BY YEAR - JHARKHAND

The Latent Demand for Depilatories in Jharkhand: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.372 1.59 2005 0.404 1.57 2006 0.440 1.56 2007 0.479 1.54 2008 0.521 1.52 2009 0.566 1.51 2010 0.615 1.49 2011 0.667 1.48 2012 0.725 1.46 2013 0.787 1.45 2014 0.854 1.43 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Jharkhand - Top Cities: Depilatories in 2009

Ranchi

Jamshedpur

Bokaro Steel City

Dhanbad

Others

The Latent Demand for Depilatories in India and Jharkhand: 2009

JharkhandIndia

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18.2 CITIES SORTED BY RANK - JHARKHAND Jharkhand - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ranchi (942,085) 63 0.081 14.27 0.22 Jamshedpur (634,786) 87 0.054 9.62 0.14 Bokaro Steel City (438,706) 131 0.038 6.65 0.10 Dhanbad (221,441) 293 0.019 3.35 0.05 Mango (184,856) 356 0.016 2.80 0.04 Hazaribag (141,619) 485 0.012 2.15 0.03 Adityapur (132,690) 527 0.011 2.01 0.03 Giridih (109,705) 658 0.009 1.66 0.03 Deoghar (109,486) 660 0.009 1.66 0.02 Chas (107,873) 673 0.009 1.63 0.02 Bhuli (99,705) 726 0.009 1.51 0.02 Jorapokhar (94,846) 752 0.008 1.44 0.02 Saunda (94,644) 753 0.008 1.43 0.02 Phusro (92,892) 765 0.008 1.41 0.02 Jharia (91,241) 780 0.008 1.38 0.02 Sahibganj (89,182) 802 0.008 1.35 0.02 Sindri (85,507) 837 0.007 1.30 0.02 Ramgarh Cantonment (81,754) 877 0.007 1.24 0.02 Daltonganj (79,363) 912 0.007 1.20 0.02 Jhumri Tilaiya (77,290) 936 0.007 1.17 0.02 Bagbera (74,681) 974 0.006 1.13 0.02 Chaibasa (70,802) 1,036 0.006 1.07 0.02 Tisra (59,597) 1,228 0.005 0.90 0.01 Katras (56,964) 1,274 0.005 0.86 0.01 Madhupur (52,698) 1,359 0.005 0.80 0.01 Lohardaga (51,424) 1,394 0.004 0.78 0.01 Jugsalai (51,265) 1,399 0.004 0.78 0.01 Gumia (50,676) 1,415 0.004 0.77 0.01 Dumka (49,992) 1,440 0.004 0.76 0.01 Bhowrah (49,253) 1,461 0.004 0.75 0.01 Chatra (46,734) 1,547 0.004 0.71 0.01 Gumla (44,285) 1,623 0.004 0.67 0.01 Pathardih (43,993) 1,639 0.004 0.67 0.01 Chirkunda (43,541) 1,659 0.004 0.66 0.01 Chakradharpur (42,685) 1,685 0.004 0.65 0.01 Ghatshila (42,126) 1,710 0.004 0.64 0.01 Godda (41,188) 1,750 0.004 0.62 0.01 Garhwa (40,855) 1,763 0.004 0.62 0.01 Bokaro (40,534) 1,773 0.003 0.61 0.01 Pakaur (40,083) 1,792 0.003 0.61 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Jharkhand - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jamadoba (37,820) 1,892 0.003 0.57 0.01 Simdega (37,799) 1,898 0.003 0.57 0.01 Musabani (37,721) 1,902 0.003 0.57 0.01 Bhagatdih (37,021) 1,943 0.003 0.56 0.01 Mihijam (36,582) 1,967 0.003 0.55 0.01 Loyabad (36,389) 1,975 0.003 0.55 0.01 Chhatatanr (35,877) 2,005 0.003 0.54 0.01 Patratu (35,762) 2,012 0.003 0.54 0.01 Jaridih Bazar (33,491) 2,162 0.003 0.51 0.01 Sijua (33,163) 2,192 0.003 0.50 0.01 Khunti (32,578) 2,227 0.003 0.49 0.01 Gomoh (31,804) 2,281 0.003 0.48 0.01 Churi (27,908) 2,566 0.002 0.42 0.01 Chhota Gobindpur (27,547) 2,592 0.002 0.42 0.01 Saraidhela (26,915) 2,646 0.002 0.41 0.01 Hussainabad (26,080) 2,710 0.002 0.40 0.01 Jamtara (24,960) 2,815 0.002 0.38 0.01 Chandrapura (24,918) 2,820 0.002 0.38 0.01 Barughutu (23,474) 2,945 0.002 0.36 0.01 Siuliban (23,328) 2,956 0.002 0.35 0.01 Tenu Dam-cum- Kathhara (22,753) 3,019 0.002 0.34 0.01 Sirka (22,449) 3,037 0.002 0.34 0.01 Haludbani (22,185) 3,066 0.002 0.34 0.01 Jharia Khas (22,046) 3,077 0.002 0.33 0.01 Maithon (21,957) 3,089 0.002 0.33 0.01 Latehar (21,221) 3,156 0.002 0.32 0.00 Jadugora (21,150) 3,164 0.002 0.32 0.00 Dugda (20,995) 3,178 0.002 0.32 0.00 Khelari (20,812) 3,199 0.002 0.32 0.00 Bundu (20,596) 3,216 0.002 0.31 0.00 Sarjamda (20,449) 3,234 0.002 0.31 0.00 Kuju (20,088) 3,275 0.002 0.30 0.00 Rajmahal (20,005) 3,288 0.002 0.30 0.00 Kedla (19,575) 3,341 0.002 0.30 0.00 Kodarma (19,099) 3,392 0.002 0.29 0.00 Bermo (18,869) 3,416 0.002 0.29 0.00 Barkakana (18,778) 3,430 0.002 0.28 0.00 Kanke (18,248) 3,499 0.002 0.28 0.00 Noamundi (18,061) 3,531 0.002 0.27 0.00 Gadhra (17,520) 3,590 0.002 0.27 0.00 Ghorabandha (16,418) 3,720 0.001 0.25 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Jharkhand - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chakulia (15,949) 3,781 0.001 0.24 0.00 Ara (15,783) 3,808 0.001 0.24 0.00 Jasidih (15,725) 3,820 0.001 0.24 0.00 Basukinath (15,714) 3,821 0.001 0.24 0.00 Nirsa (15,474) 3,863 0.001 0.23 0.00 Gidi (15,202) 3,907 0.001 0.23 0.00 Chandaur (15,169) 3,912 0.001 0.23 0.00 Kustai (13,654) 4,109 0.001 0.21 0.00 Seraikela (13,645) 4,111 0.001 0.21 0.00 Muri (13,355) 4,145 0.001 0.20 0.00 Jhinkpani (13,172) 4,169 0.001 0.20 0.00 Baliari (12,830) 4,211 0.001 0.19 0.00 Dumarkunda (12,220) 4,288 0.001 0.19 0.00 Gua (12,121) 4,302 0.001 0.18 0.00 Tati (11,682) 4,363 0.001 0.18 0.00 Others (431,317) 30,000 0.037 6.53 0.10 Total 0.566 100.00 1.51 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

18.3 CITIES SORTED BY DISTRICT - JHARKHAND City by District - Jharkhand: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bokaro (Bokaro; 40,534) 1,773 0.003 0.61 0.01 Dugda (Bokaro; 20,995) 3,178 0.002 0.32 0.00 Chas (Bokaro; 107,873) 673 0.009 1.63 0.02 Phusro (Bokaro; 92,892) 765 0.008 1.41 0.02 Chandrapura (Bokaro; 24,918) 2,820 0.002 0.38 0.01 Bokaro Steel City (Bokaro; 438,706) 131 0.038 6.65 0.10 Gumia (Bokaro; 50,676) 1,415 0.004 0.77 0.01 Tenu Dam-cum- Kathhara (Bokaro; 22,753) 3,019 0.002 0.34 0.01 Bermo (Bokaro; 18,869) 3,416 0.002 0.29 0.00 Jaridih Bazar (Bokaro; 33,491) 2,162 0.003 0.51 0.01 Chatra (Chatra; 46,734) 1,547 0.004 0.71 0.01 Jasidih (Deoghar; 15,725) 3,820 0.001 0.24 0.00 Madhupur (Deoghar; 52,698) 1,359 0.005 0.80 0.01 Deoghar (Deoghar; 109,486) 660 0.009 1.66 0.02 Maithon (Dhanbad; 21,957) 3,089 0.002 0.33 0.01 Loyabad (Dhanbad; 36,389) 1,975 0.003 0.55 0.01 Jorapokhar (Dhanbad; 94,846) 752 0.008 1.44 0.02 Kustai (Dhanbad; 13,654) 4,109 0.001 0.21 0.00 Dumarkunda (Dhanbad; 12,220) 4,288 0.001 0.19 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Jharkhand: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Katras (Dhanbad; 56,964) 1,274 0.005 0.86 0.01 Chhatatanr (Dhanbad; 35,877) 2,005 0.003 0.54 0.01 Gomoh (Dhanbad; 31,804) 2,281 0.003 0.48 0.01 Tisra (Dhanbad; 59,597) 1,228 0.005 0.90 0.01 Jharia (Dhanbad; 91,241) 780 0.008 1.38 0.02 Bhuli (Dhanbad; 99,705) 726 0.009 1.51 0.02 Baliari (Dhanbad; 12,830) 4,211 0.001 0.19 0.00 Siuliban (Dhanbad; 23,328) 2,956 0.002 0.35 0.01 Sindri (Dhanbad; 85,507) 837 0.007 1.30 0.02 Sijua (Dhanbad; 33,163) 2,192 0.003 0.50 0.01 Bhagatdih (Dhanbad; 37,021) 1,943 0.003 0.56 0.01 Chirkunda (Dhanbad; 43,541) 1,659 0.004 0.66 0.01 Bhowrah (Dhanbad; 49,253) 1,461 0.004 0.75 0.01 Dhanbad (Dhanbad; 221,441) 293 0.019 3.35 0.05 Saraidhela (Dhanbad; 26,915) 2,646 0.002 0.41 0.01 Chandaur (Dhanbad; 15,169) 3,912 0.001 0.23 0.00 Pathardih (Dhanbad; 43,993) 1,639 0.004 0.67 0.01 Jamadoba (Dhanbad; 37,820) 1,892 0.003 0.57 0.01 Nirsa (Dhanbad; 15,474) 3,863 0.001 0.23 0.00 Jharia Khas (Dhanbad; 22,046) 3,077 0.002 0.33 0.01 Dumka (Dumka; 49,992) 1,440 0.004 0.76 0.01 Basukinath (Dumka; 15,714) 3,821 0.001 0.24 0.00 Jamtara (Dumka; 24,960) 2,815 0.002 0.38 0.01 Mihijam (Dumka; 36,582) 1,967 0.003 0.55 0.01 Garhwa (Garhwa; 40,855) 1,763 0.004 0.62 0.01 Giridih (Giridih; 109,705) 658 0.009 1.66 0.03 Godda (Godda; 41,188) 1,750 0.004 0.62 0.01 Simdega (Gumla; 37,799) 1,898 0.003 0.57 0.01 Hazaribag (Hazaribag; 141,619) 485 0.012 2.15 0.03 Gidi (Hazaribag; 15,202) 3,907 0.001 0.23 0.00 Kuju (Hazaribag; 20,088) 3,275 0.002 0.30 0.00 Patratu (Hazaribag; 35,762) 2,012 0.003 0.54 0.01 Ramgarh Cantonment (Hazaribag; 81,754) 877 0.007 1.24 0.02 Saunda (Hazaribag; 94,644) 753 0.008 1.43 0.02 Sirka (Hazaribag; 22,449) 3,037 0.002 0.34 0.01 Barughutu (Hazaribag; 23,474) 2,945 0.002 0.36 0.01 Kedla (Hazaribag; 19,575) 3,341 0.002 0.30 0.00 Barkakana (Hazaribag; 18,778) 3,430 0.002 0.28 0.00 Ara (Hazaribag; 15,783) 3,808 0.001 0.24 0.00 Kodarma (Kodarma; 19,099) 3,392 0.002 0.29 0.00 Jhumri Tilaiya (Kodarma; 77,290) 936 0.007 1.17 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Jharkhand: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Lohardaga (Lohardaga; 51,424) 1,394 0.004 0.78 0.01 Gumla (Lohardaga; 44,285) 1,623 0.004 0.67 0.01 Pakaur (Pakaur; 40,083) 1,792 0.003 0.61 0.01 Latehar (Palamu; 21,221) 3,156 0.002 0.32 0.00 Daltonganj (Palamu; 79,363) 912 0.007 1.20 0.02 Hussainabad (Palamu; 26,080) 2,710 0.002 0.40 0.01 Chakradharpur (Pashchimi Singhbhum; 42,685) 1,685 0.004 0.65 0.01 Adityapur (Pashchimi Singhbhum; 132,690) 527 0.011 2.01 0.03 Seraikela (Pashchimi Singhbhum; 13,645) 4,111 0.001 0.21 0.00 Chaibasa (Pashchimi Singhbhum; 70,802) 1,036 0.006 1.07 0.02 Gua (Pashchimi Singhbhum; 12,121) 4,302 0.001 0.18 0.00 Noamundi (Pashchimi Singhbhum; 18,061) 3,531 0.002 0.27 0.00 Jhinkpani (Pashchimi Singhbhum; 13,172) 4,169 0.001 0.20 0.00 Mango (Purbi Singhbhum; 184,856) 356 0.016 2.80 0.04 Jadugora (Purbi Singhbhum; 21,150) 3,164 0.002 0.32 0.00 Musabani (Purbi Singhbhum; 37,721) 1,902 0.003 0.57 0.01 Bagbera (Purbi Singhbhum; 74,681) 974 0.006 1.13 0.02 Chakulia (Purbi Singhbhum; 15,949) 3,781 0.001 0.24 0.00 Sarjamda (Purbi Singhbhum; 20,449) 3,234 0.002 0.31 0.00 Ghorabandha (Purbi Singhbhum; 16,418) 3,720 0.001 0.25 0.00 Jugsalai (Purbi Singhbhum; 51,265) 1,399 0.004 0.78 0.01 Haludbani (Purbi Singhbhum; 22,185) 3,066 0.002 0.34 0.01 Jamshedpur (Purbi Singhbhum; 634,786) 87 0.054 9.62 0.14 Ghatshila (Purbi Singhbhum; 42,126) 1,710 0.004 0.64 0.01 Chhota Gobindpur (Purbi Singhbhum; 27,547) 2,592 0.002 0.42 0.01 Gadhra (Purbi Singhbhum; 17,520) 3,590 0.002 0.27 0.00 Khelari (Ranchi; 20,812) 3,199 0.002 0.32 0.00 Tati (Ranchi; 11,682) 4,363 0.001 0.18 0.00 Kanke (Ranchi; 18,248) 3,499 0.002 0.28 0.00 Khunti (Ranchi; 32,578) 2,227 0.003 0.49 0.01 Bundu (Ranchi; 20,596) 3,216 0.002 0.31 0.00 Ranchi (Ranchi; 942,085) 63 0.081 14.27 0.22 Muri (Ranchi; 13,355) 4,145 0.001 0.20 0.00 Churi (Ranchi; 27,908) 2,566 0.002 0.42 0.01 Rajmahal (Sahibganj; 20,005) 3,288 0.002 0.30 0.00 Sahibganj (Sahibganj; 89,182) 802 0.008 1.35 0.02 Others (N/A; 431,317) 30,000 0.037 6.53 0.10 Total 0.566 100.00 1.51 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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19 KARNATAKA 19.1 LATENT DEMAND BY YEAR - KARNATAKA

The Latent Demand for Depilatories in Karnataka: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 1.266 5.42 2005 1.378 5.36 2006 1.500 5.30 2007 1.633 5.24 2008 1.776 5.19 2009 1.929 5.14 2010 2.095 5.09 2011 2.274 5.03 2012 2.469 4.98 2013 2.681 4.93 2014 2.911 4.88 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Karnataka - Top Cities: Depilatories in 2009

Bangalore

Hubli-Dharwad

Mysore

Gulbarga

Others

The Latent Demand for Depilatories in India and Karnataka: 2009

KarnatakaIndia

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19.2 CITIES SORTED BY RANK - KARNATAKA Karnataka - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bangalore (4,638,086) 7 0.472 24.44 1.26 Hubli-Dharwad (849,355) 58 0.086 4.48 0.23 Mysore (802,072) 61 0.082 4.23 0.22 Gulbarga (462,411) 101 0.047 2.44 0.13 Belgaum (431,799) 107 0.044 2.28 0.12 Mangalore (430,875) 108 0.044 2.27 0.12 Davanagere (393,093) 120 0.040 2.07 0.11 Bellary (342,544) 144 0.035 1.81 0.09 Shimoga (296,192) 168 0.030 1.56 0.08 Dasarahalli (284,880) 175 0.029 1.50 0.08 Tumkur (268,623) 188 0.027 1.42 0.07 Bijapur (265,764) 193 0.027 1.40 0.07 Raichur (222,204) 232 0.023 1.17 0.06 Bommanahalli (217,434) 237 0.022 1.15 0.06 Krishnarajapura (202,558) 265 0.021 1.07 0.05 Byatarayanapura (195,510) 275 0.020 1.03 0.05 Bidar (186,182) 297 0.019 0.98 0.05 Hospet (176,441) 312 0.018 0.93 0.05 Bhadravati (173,316) 316 0.018 0.91 0.05 Gadag-Betigeri (167,327) 328 0.017 0.88 0.05 Robertson Pet (152,679) 366 0.016 0.80 0.04 Mahadevapura (146,523) 388 0.015 0.77 0.04 Mandya (141,784) 400 0.014 0.75 0.04 Chitradurga (132,473) 430 0.013 0.70 0.04 Hassan (126,845) 450 0.013 0.67 0.03 Kolar (122,429) 468 0.012 0.65 0.03 Udupi (122,148) 474 0.012 0.64 0.03 Chikmagalur (109,162) 544 0.011 0.58 0.03 Pattanagere (103,486) 572 0.011 0.55 0.03 Yelahanka (100,778) 587 0.010 0.53 0.03 Gangawati (100,763) 588 0.010 0.53 0.03 Bagalkot (98,977) 603 0.010 0.52 0.03 Ranibennur (96,813) 618 0.010 0.51 0.03 Ramanagaram (85,760) 711 0.009 0.45 0.02 Harihar (81,089) 742 0.008 0.43 0.02 Dod Ballapur (77,271) 777 0.008 0.41 0.02 Rabkavi Banhatti (75,902) 792 0.008 0.40 0.02 Gokak (72,578) 832 0.007 0.38 0.02 Chintamani (70,730) 850 0.007 0.37 0.02 Channapatna (68,683) 884 0.007 0.36 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Karnataka - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Karwar (68,033) 897 0.007 0.36 0.02 Sindhnur (66,231) 920 0.007 0.35 0.02 Chamrajnagar (65,710) 928 0.007 0.35 0.02 Yadgir (63,540) 963 0.006 0.33 0.02 Basavakalyan (63,475) 964 0.006 0.33 0.02 Sirsi (63,442) 965 0.006 0.33 0.02 Nipani (62,739) 980 0.006 0.33 0.02 Jamkhandi (62,551) 985 0.006 0.33 0.02 Koppal (60,669) 1,020 0.006 0.32 0.02 Haveri (60,404) 1,026 0.006 0.32 0.02 Chik Ballapur (59,365) 1,044 0.006 0.31 0.02 Dandeli (57,581) 1,081 0.006 0.30 0.02 Tiptur (57,317) 1,088 0.006 0.30 0.02 Kollegal (56,676) 1,101 0.006 0.30 0.02 Ilkal (56,143) 1,109 0.006 0.30 0.02 Shahabad (54,663) 1,134 0.006 0.29 0.01 Sagar (54,153) 1,148 0.006 0.29 0.01 Sira (54,089) 1,151 0.005 0.29 0.01 Ullal (53,880) 1,155 0.005 0.28 0.01 Challakere (53,019) 1,167 0.005 0.28 0.01 Hiriyur (52,702) 1,170 0.005 0.28 0.01 Nanjangud (52,106) 1,183 0.005 0.27 0.01 Puttur (51,936) 1,189 0.005 0.27 0.01 Kanakapura (50,838) 1,219 0.005 0.27 0.01 Mulbagal (47,579) 1,285 0.005 0.25 0.01 Hunsur (47,430) 1,287 0.005 0.25 0.01 Shorapur (47,104) 1,296 0.005 0.25 0.01 Bail Hongal (46,697) 1,303 0.005 0.25 0.01 Arsikere (46,600) 1,304 0.005 0.25 0.01 Siruguppa (46,316) 1,310 0.005 0.24 0.01 Mudhol (45,863) 1,321 0.005 0.24 0.01 Kengeri (45,801) 1,326 0.005 0.24 0.01 Harpanahalli (45,264) 1,344 0.005 0.24 0.01 Sidlaghatta (44,417) 1,360 0.005 0.23 0.01 Athni (42,359) 1,433 0.004 0.22 0.01 Bangarapet (41,801) 1,455 0.004 0.22 0.01 Saundatti-Yellamma (41,291) 1,468 0.004 0.22 0.01 Manvi (40,581) 1,502 0.004 0.21 0.01 Bantwal (39,797) 1,535 0.004 0.21 0.01 Homnabad (39,453) 1,546 0.004 0.21 0.01 Hoskote (39,261) 1,551 0.004 0.21 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Karnataka - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Malavalli (38,685) 1,575 0.004 0.20 0.01 Savanur (38,426) 1,580 0.004 0.20 0.01 Kampli (38,237) 1,587 0.004 0.20 0.01 Aland (38,153) 1,591 0.004 0.20 0.01 Bhalki (37,930) 1,605 0.004 0.20 0.01 Tarikere (36,819) 1,656 0.004 0.19 0.01 Guledgudda (36,730) 1,660 0.004 0.19 0.01 Lakshmeshwar (36,103) 1,680 0.004 0.19 0.01 Channarayapattana (35,918) 1,688 0.004 0.19 0.01 Anekal (35,832) 1,693 0.004 0.19 0.01 Chikodi (35,465) 1,715 0.004 0.19 0.01 Nargund (35,171) 1,731 0.004 0.19 0.01 Sankeshwar (35,131) 1,733 0.004 0.19 0.01 Madikeri (34,888) 1,741 0.004 0.18 0.01 Ramdurg (34,386) 1,765 0.003 0.18 0.01 Bhatkal (34,346) 1,767 0.003 0.18 0.01 Sedam (34,070) 1,779 0.003 0.18 0.01 Shikarpur (34,047) 1,781 0.003 0.18 0.01 Indi (34,020) 1,783 0.003 0.18 0.01 Mahalingpur (33,348) 1,809 0.003 0.18 0.01 Kadur (33,284) 1,813 0.003 0.18 0.01 Krishnarajanagar (33,069) 1,824 0.003 0.17 0.01 Gauribidanur (32,990) 1,828 0.003 0.17 0.01 Kunigal (32,732) 1,841 0.003 0.17 0.01 Wadi (32,458) 1,863 0.003 0.17 0.01 Mudalgi (32,303) 1,870 0.003 0.17 0.01 Shahpur (31,938) 1,889 0.003 0.17 0.01 Vijayapura (31,832) 1,901 0.003 0.17 0.01 Kundapura (30,899) 1,959 0.003 0.16 0.01 Basavana Bagevadi (30,885) 1,962 0.003 0.16 0.01 Muddebihal (30,510) 1,986 0.003 0.16 0.01 Gajendragarh (30,502) 1,987 0.003 0.16 0.01 Pavagada (30,295) 1,999 0.003 0.16 0.01 Malur (30,030) 2,026 0.003 0.16 0.01 Sindgi (29,985) 2,030 0.003 0.16 0.01 Sandur (29,825) 2,042 0.003 0.16 0.01 Kumta (29,821) 2,043 0.003 0.16 0.01 Lingsugur (29,501) 2,057 0.003 0.16 0.01 Holenarsipur (29,195) 2,076 0.003 0.15 0.01 Chitapur (29,148) 2,082 0.003 0.15 0.01 Maddur (28,588) 2,124 0.003 0.15 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Karnataka - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gundlupet (28,493) 2,131 0.003 0.15 0.01 Madhugiri (28,474) 2,134 0.003 0.15 0.01 Talikota (28,330) 2,155 0.003 0.15 0.01 Badami (27,934) 2,195 0.003 0.15 0.01 Mudbidri (27,782) 2,210 0.003 0.15 0.01 Annigeri (27,781) 2,211 0.003 0.15 0.01 Byadgi (27,725) 2,212 0.003 0.15 0.01 Nelmangala (27,237) 2,242 0.003 0.14 0.01 Karkal (27,142) 2,249 0.003 0.14 0.01 Hangal (27,026) 2,265 0.003 0.14 0.01 Magadi (27,014) 2,267 0.003 0.14 0.01 Shiggaon (26,278) 2,329 0.003 0.14 0.01 Chitgoppa (26,185) 2,338 0.003 0.14 0.01 Belgaum Cantonment (25,586) 2,394 0.003 0.13 0.01 Terdal (25,547) 2,401 0.003 0.13 0.01 Tekkalakota (25,478) 2,408 0.003 0.13 0.01 Shrirangapattana (25,337) 2,419 0.003 0.13 0.01 Hoovina Hadagalli (25,290) 2,428 0.003 0.13 0.01 Sakleshpur (25,071) 2,444 0.003 0.13 0.01 Devanhalli (25,059) 2,446 0.003 0.13 0.01 Bannur (25,059) 2,447 0.003 0.13 0.01 Srinivaspur (24,773) 2,468 0.003 0.13 0.01 Kotturu (24,493) 2,489 0.002 0.13 0.01 Birur (24,422) 2,500 0.002 0.13 0.01 Hosdurga (24,291) 2,507 0.002 0.13 0.01 Krishnarajpet (24,284) 2,508 0.002 0.13 0.01 Chiknayakanhalli (24,162) 2,513 0.002 0.13 0.01 Navalgund (23,989) 2,528 0.002 0.13 0.01 Devadurga (23,764) 2,546 0.002 0.13 0.01 Kudligi (23,616) 2,559 0.002 0.12 0.01 Kamalapuram (23,569) 2,562 0.002 0.12 0.01 Ron (23,417) 2,575 0.002 0.12 0.01 Kushtagi (22,887) 2,633 0.002 0.12 0.01 Kothnur (22,514) 2,671 0.002 0.12 0.01 Haliyal (22,316) 2,684 0.002 0.12 0.01 Mundargi (21,955) 2,714 0.002 0.12 0.01 Bankapura (21,897) 2,721 0.002 0.12 0.01 Belur (21,855) 2,729 0.002 0.12 0.01 Sadalgi (21,835) 2,732 0.002 0.12 0.01 Bagepalli (21,741) 2,745 0.002 0.11 0.01 Someshwar (21,717) 2,747 0.002 0.11 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Karnataka - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Hukeri (21,510) 2,763 0.002 0.11 0.01 Kudchi (21,452) 2,771 0.002 0.11 0.01 Jevargi (20,719) 2,851 0.002 0.11 0.01 Mudgal (20,657) 2,859 0.002 0.11 0.01 Afzalpur (20,654) 2,860 0.002 0.11 0.01 Shaktinagar (20,513) 2,876 0.002 0.11 0.01 Channagiri (20,009) 2,920 0.002 0.11 0.01 Pandavapura (19,705) 2,954 0.002 0.10 0.01 Mulgund (19,534) 2,982 0.002 0.10 0.01 Herohalli (19,522) 2,983 0.002 0.10 0.01 Hungund (19,488) 2,987 0.002 0.10 0.01 Sulya (19,479) 2,990 0.002 0.10 0.01 Konnur (19,427) 2,994 0.002 0.10 0.01 Yellapur (19,383) 3,000 0.002 0.10 0.01 Honavar (19,270) 3,011 0.002 0.10 0.01 Kerur (18,592) 3,080 0.002 0.10 0.01 Chincholi (18,541) 3,087 0.002 0.10 0.01 Gurmatkal (18,291) 3,112 0.002 0.10 0.00 Kundgol (18,194) 3,124 0.002 0.10 0.00 Gubbi (18,156) 3,129 0.002 0.10 0.00 Naregal (17,994) 3,149 0.002 0.09 0.00 Khanapur (17,898) 3,158 0.002 0.09 0.00 Mulki (17,719) 3,175 0.002 0.09 0.00 Alnavar (17,598) 3,191 0.002 0.09 0.00 Shirhatti (17,514) 3,203 0.002 0.09 0.00 Aurad (17,493) 3,204 0.002 0.09 0.00 Mundgod (17,474) 3,205 0.002 0.09 0.00 Nagamangala (17,343) 3,221 0.002 0.09 0.00 Raybag (17,207) 3,245 0.002 0.09 0.00 Hirekerur (17,153) 3,249 0.002 0.09 0.00 Honnali (16,829) 3,299 0.002 0.09 0.00 Bilgi (16,710) 3,313 0.002 0.09 0.00 Virajpet (16,431) 3,351 0.002 0.09 0.00 Arkalgud (16,408) 3,355 0.002 0.09 0.00 Saligram (16,164) 3,382 0.002 0.09 0.00 Piriyapatna (16,124) 3,390 0.002 0.08 0.00 Tirthahalli (15,999) 3,403 0.002 0.08 0.00 Jagalur (15,929) 3,415 0.002 0.08 0.00 Hatti Gold Mines (15,902) 3,418 0.002 0.08 0.00 Kalghatgi (15,859) 3,426 0.002 0.08 0.00 Holalkere (15,745) 3,448 0.002 0.08 0.00 Siralkoppa (15,669) 3,456 0.002 0.08 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Karnataka - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kotekara (15,477) 3,485 0.002 0.08 0.00 Ankola (15,459) 3,488 0.002 0.08 0.00 Molakalmuru (15,270) 3,524 0.002 0.08 0.00 Siddapur (15,181) 3,540 0.002 0.08 0.00 Koratagere (14,737) 3,598 0.001 0.08 0.00 Turuvekere (14,345) 3,654 0.001 0.08 0.00 Konanakunte (14,331) 3,659 0.001 0.08 0.00 Kushalnagar (14,331) 3,660 0.001 0.08 0.00 Jog Falls (13,583) 3,763 0.001 0.07 0.00 Hatti (13,420) 3,790 0.001 0.07 0.00 Pudu (13,409) 3,793 0.001 0.07 0.00 Hebbagodi (13,394) 3,798 0.001 0.07 0.00 Heggadadevanakote (13,013) 3,872 0.001 0.07 0.00 Yelbarga (12,359) 3,983 0.001 0.07 0.00 Sathyamangala (12,318) 3,995 0.001 0.06 0.00 Gottikere (12,047) 4,038 0.001 0.06 0.00 Hindalgi (11,732) 4,077 0.001 0.06 0.00 Uttarahalli (11,310) 4,140 0.001 0.06 0.00 Gokak Falls (10,851) 4,208 0.001 0.06 0.00 Bajala (10,763) 4,224 0.001 0.06 0.00 Tirumakudal-Narsipur (10,730) 4,229 0.001 0.06 0.00 Others (301,964) 30,000 0.031 1.59 0.08 Total 1.929 100.00 5.14 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

19.3 CITIES SORTED BY DISTRICT - KARNATAKA City by District - Karnataka: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jamkhandi (Bagalkot; 62,551) 985 0.006 0.33 0.02 Guledgudda (Bagalkot; 36,730) 1,660 0.004 0.19 0.01 Terdal (Bagalkot; 25,547) 2,401 0.003 0.13 0.01 Hungund (Bagalkot; 19,488) 2,987 0.002 0.10 0.01 Bilgi (Bagalkot; 16,710) 3,313 0.002 0.09 0.00 Rabkavi Banhatti (Bagalkot; 75,902) 792 0.008 0.40 0.02 Bagalkot (Bagalkot; 98,977) 603 0.010 0.52 0.03 Mudhol (Bagalkot; 45,863) 1,321 0.005 0.24 0.01 Badami (Bagalkot; 27,934) 2,195 0.003 0.15 0.01 Mahalingpur (Bagalkot; 33,348) 1,809 0.003 0.18 0.01 Kerur (Bagalkot; 18,592) 3,080 0.002 0.10 0.01 Ilkal (Bagalkot; 56,143) 1,109 0.006 0.30 0.02 Bommanahalli (Bangalore; 217,434) 237 0.022 1.15 0.06 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Karnataka: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Byatarayanapura (Bangalore; 195,510) 275 0.020 1.03 0.05 Dasarahalli (Bangalore; 284,880) 175 0.029 1.50 0.08 Gottikere (Bangalore; 12,047) 4,038 0.001 0.06 0.00 Konanakunte (Bangalore; 14,331) 3,659 0.001 0.08 0.00 Mahadevapura (Bangalore; 146,523) 388 0.015 0.77 0.04 Krishnarajapura (Bangalore; 202,558) 265 0.021 1.07 0.05 Hebbagodi (Bangalore; 13,394) 3,798 0.001 0.07 0.00 Pattanagere (Bangalore; 103,486) 572 0.011 0.55 0.03 Kengeri (Bangalore; 45,801) 1,326 0.005 0.24 0.01 Kothnur (Bangalore; 22,514) 2,671 0.002 0.12 0.01 Herohalli (Bangalore; 19,522) 2,983 0.002 0.10 0.01 Anekal (Bangalore; 35,832) 1,693 0.004 0.19 0.01 Yelahanka (Bangalore; 100,778) 587 0.010 0.53 0.03 Bangalore (Bangalore; 4,638,086) 7 0.472 24.44 1.26 Uttarahalli (Bangalore; 11,310) 4,140 0.001 0.06 0.00 Vijayapura (Bangalore Rural; 31,832) 1,901 0.003 0.17 0.01 Nelmangala (Bangalore Rural; 27,237) 2,242 0.003 0.14 0.01 Hoskote (Bangalore Rural; 39,261) 1,551 0.004 0.21 0.01 Ramanagaram (Bangalore Rural; 85,760) 711 0.009 0.45 0.02 Kanakapura (Bangalore Rural; 50,838) 1,219 0.005 0.27 0.01 Devanhalli (Bangalore Rural; 25,059) 2,446 0.003 0.13 0.01 Magadi (Bangalore Rural; 27,014) 2,267 0.003 0.14 0.01 Channapatna (Bangalore Rural; 68,683) 884 0.007 0.36 0.02 Dod Ballapur (Bangalore Rural; 77,271) 777 0.008 0.41 0.02 Saundatti-Yellamma (Belgaum; 41,291) 1,468 0.004 0.22 0.01 Belgaum Cantonment (Belgaum; 25,586) 2,394 0.003 0.13 0.01 Belgaum (Belgaum; 431,799) 107 0.044 2.28 0.12 Hukeri (Belgaum; 21,510) 2,763 0.002 0.11 0.01 Nipani (Belgaum; 62,739) 980 0.006 0.33 0.02 Khanapur (Belgaum; 17,898) 3,158 0.002 0.09 0.00 Raybag (Belgaum; 17,207) 3,245 0.002 0.09 0.00 Konnur (Belgaum; 19,427) 2,994 0.002 0.10 0.01 Kudchi (Belgaum; 21,452) 2,771 0.002 0.11 0.01 Athni (Belgaum; 42,359) 1,433 0.004 0.22 0.01 Bail Hongal (Belgaum; 46,697) 1,303 0.005 0.25 0.01 Mudalgi (Belgaum; 32,303) 1,870 0.003 0.17 0.01 Gokak (Belgaum; 72,578) 832 0.007 0.38 0.02 Chikodi (Belgaum; 35,465) 1,715 0.004 0.19 0.01 Gokak Falls (Belgaum; 10,851) 4,208 0.001 0.06 0.00 Ramdurg (Belgaum; 34,386) 1,765 0.003 0.18 0.01 Sankeshwar (Belgaum; 35,131) 1,733 0.004 0.19 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Karnataka: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Hindalgi (Belgaum; 11,732) 4,077 0.001 0.06 0.00 Sadalgi (Belgaum; 21,835) 2,732 0.002 0.12 0.01 Kotturu (Bellary; 24,493) 2,489 0.002 0.13 0.01 Kudligi (Bellary; 23,616) 2,559 0.002 0.12 0.01 Kampli (Bellary; 38,237) 1,587 0.004 0.20 0.01 Bellary (Bellary; 342,544) 144 0.035 1.81 0.09 Kamalapuram (Bellary; 23,569) 2,562 0.002 0.12 0.01 Sandur (Bellary; 29,825) 2,042 0.003 0.16 0.01 Siruguppa (Bellary; 46,316) 1,310 0.005 0.24 0.01 Hoovina Hadagalli (Bellary; 25,290) 2,428 0.003 0.13 0.01 Hospet (Bellary; 176,441) 312 0.018 0.93 0.05 Tekkalakota (Bellary; 25,478) 2,408 0.003 0.13 0.01 Basavakalyan (Bidar; 63,475) 964 0.006 0.33 0.02 Bhalki (Bidar; 37,930) 1,605 0.004 0.20 0.01 Homnabad (Bidar; 39,453) 1,546 0.004 0.21 0.01 Bidar (Bidar; 186,182) 297 0.019 0.98 0.05 Aurad (Bidar; 17,493) 3,204 0.002 0.09 0.00 Chitgoppa (Bidar; 26,185) 2,338 0.003 0.14 0.01 Muddebihal (Bijapur; 30,510) 1,986 0.003 0.16 0.01 Bijapur (Bijapur; 265,764) 193 0.027 1.40 0.07 Sindgi (Bijapur; 29,985) 2,030 0.003 0.16 0.01 Talikota (Bijapur; 28,330) 2,155 0.003 0.15 0.01 Indi (Bijapur; 34,020) 1,783 0.003 0.18 0.01 Basavana Bagevadi (Bijapur; 30,885) 1,962 0.003 0.16 0.01 Kollegal (Chamarajanagar; 56,676) 1,101 0.006 0.30 0.02 Chamrajnagar (Chamarajanagar; 65,710) 928 0.007 0.35 0.02 Gundlupet (Chamarajanagar; 28,493) 2,131 0.003 0.15 0.01 Chikmagalur (Chikmagalur; 109,162) 544 0.011 0.58 0.03 Kadur (Chikmagalur; 33,284) 1,813 0.003 0.18 0.01 Tarikere (Chikmagalur; 36,819) 1,656 0.004 0.19 0.01 Birur (Chikmagalur; 24,422) 2,500 0.002 0.13 0.01 Hosdurga (Chitradurga; 24,291) 2,507 0.002 0.13 0.01 Holalkere (Chitradurga; 15,745) 3,448 0.002 0.08 0.00 Hiriyur (Chitradurga; 52,702) 1,170 0.005 0.28 0.01 Molakalmuru (Chitradurga; 15,270) 3,524 0.002 0.08 0.00 Chitradurga (Chitradurga; 132,473) 430 0.013 0.70 0.04 Challakere (Chitradurga; 53,019) 1,167 0.005 0.28 0.01 Bantwal (Dakshina Kannada; 39,797) 1,535 0.004 0.21 0.01 Ullal (Dakshina Kannada; 53,880) 1,155 0.005 0.28 0.01 Pudu (Dakshina Kannada; 13,409) 3,793 0.001 0.07 0.00 Puttur (Dakshina Kannada; 51,936) 1,189 0.005 0.27 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Karnataka: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mulki (Dakshina Kannada; 17,719) 3,175 0.002 0.09 0.00 Mangalore (Dakshina Kannada; 430,875) 108 0.044 2.27 0.12 Bajala (Dakshina Kannada; 10,763) 4,224 0.001 0.06 0.00 Someshwar (Dakshina Kannada; 21,717) 2,747 0.002 0.11 0.01 Mudbidri (Dakshina Kannada; 27,782) 2,210 0.003 0.15 0.01 Kotekara (Dakshina Kannada; 15,477) 3,485 0.002 0.08 0.00 Sulya (Dakshina Kannada; 19,479) 2,990 0.002 0.10 0.01 Davanagere (Davanagere; 393,093) 120 0.040 2.07 0.11 Harihar (Davanagere; 81,089) 742 0.008 0.43 0.02 Jagalur (Davanagere; 15,929) 3,415 0.002 0.08 0.00 Harpanahalli (Davanagere; 45,264) 1,344 0.005 0.24 0.01 Channagiri (Davanagere; 20,009) 2,920 0.002 0.11 0.01 Honnali (Davanagere; 16,829) 3,299 0.002 0.09 0.00 Alnavar (Dharwad; 17,598) 3,191 0.002 0.09 0.00 Annigeri (Dharwad; 27,781) 2,211 0.003 0.15 0.01 Kundgol (Dharwad; 18,194) 3,124 0.002 0.10 0.00 Navalgund (Dharwad; 23,989) 2,528 0.002 0.13 0.01 Hubli-Dharwad (Dharwad; 849,355) 58 0.086 4.48 0.23 Kalghatgi (Dharwad; 15,859) 3,426 0.002 0.08 0.00 Ron (Gadag; 23,417) 2,575 0.002 0.12 0.01 Gadag-Betigeri (Gadag; 167,327) 328 0.017 0.88 0.05 Shirhatti (Gadag; 17,514) 3,203 0.002 0.09 0.00 Lakshmeshwar (Gadag; 36,103) 1,680 0.004 0.19 0.01 Mulgund (Gadag; 19,534) 2,982 0.002 0.10 0.01 Gajendragarh (Gadag; 30,502) 1,987 0.003 0.16 0.01 Mundargi (Gadag; 21,955) 2,714 0.002 0.12 0.01 Naregal (Gadag; 17,994) 3,149 0.002 0.09 0.00 Nargund (Gadag; 35,171) 1,731 0.004 0.19 0.01 Aland (Gulbarga; 38,153) 1,591 0.004 0.20 0.01 Chitapur (Gulbarga; 29,148) 2,082 0.003 0.15 0.01 Yadgir (Gulbarga; 63,540) 963 0.006 0.33 0.02 Sedam (Gulbarga; 34,070) 1,779 0.003 0.18 0.01 Shorapur (Gulbarga; 47,104) 1,296 0.005 0.25 0.01 Chincholi (Gulbarga; 18,541) 3,087 0.002 0.10 0.01 Afzalpur (Gulbarga; 20,654) 2,860 0.002 0.11 0.01 Wadi (Gulbarga; 32,458) 1,863 0.003 0.17 0.01 Jevargi (Gulbarga; 20,719) 2,851 0.002 0.11 0.01 Gurmatkal (Gulbarga; 18,291) 3,112 0.002 0.10 0.00 Shahabad (Gulbarga; 54,663) 1,134 0.006 0.29 0.01 Shahpur (Gulbarga; 31,938) 1,889 0.003 0.17 0.01 Gulbarga (Gulbarga; 462,411) 101 0.047 2.44 0.13 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Karnataka: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Hassan (Hassan; 126,845) 450 0.013 0.67 0.03 Holenarsipur (Hassan; 29,195) 2,076 0.003 0.15 0.01 Sathyamangala (Hassan; 12,318) 3,995 0.001 0.06 0.00 Arsikere (Hassan; 46,600) 1,304 0.005 0.25 0.01 Arkalgud (Hassan; 16,408) 3,355 0.002 0.09 0.00 Channarayapattana (Hassan; 35,918) 1,688 0.004 0.19 0.01 Sakleshpur (Hassan; 25,071) 2,444 0.003 0.13 0.01 Belur (Hassan; 21,855) 2,729 0.002 0.12 0.01 Ranibennur (Haveri; 96,813) 618 0.010 0.51 0.03 Bankapura (Haveri; 21,897) 2,721 0.002 0.12 0.01 Hirekerur (Haveri; 17,153) 3,249 0.002 0.09 0.00 Savanur (Haveri; 38,426) 1,580 0.004 0.20 0.01 Shiggaon (Haveri; 26,278) 2,329 0.003 0.14 0.01 Byadgi (Haveri; 27,725) 2,212 0.003 0.15 0.01 Haveri (Haveri; 60,404) 1,026 0.006 0.32 0.02 Hangal (Haveri; 27,026) 2,265 0.003 0.14 0.01 Virajpet (Kodagu; 16,431) 3,351 0.002 0.09 0.00 Kushalnagar (Kodagu; 14,331) 3,660 0.001 0.08 0.00 Madikeri (Kodagu; 34,888) 1,741 0.004 0.18 0.01 Chintamani (Kolar; 70,730) 850 0.007 0.37 0.02 Srinivaspur (Kolar; 24,773) 2,468 0.003 0.13 0.01 Bagepalli (Kolar; 21,741) 2,745 0.002 0.11 0.01 Malur (Kolar; 30,030) 2,026 0.003 0.16 0.01 Sidlaghatta (Kolar; 44,417) 1,360 0.005 0.23 0.01 Chik Ballapur (Kolar; 59,365) 1,044 0.006 0.31 0.02 Bangarapet (Kolar; 41,801) 1,455 0.004 0.22 0.01 Gauribidanur (Kolar; 32,990) 1,828 0.003 0.17 0.01 Mulbagal (Kolar; 47,579) 1,285 0.005 0.25 0.01 Kolar (Kolar; 122,429) 468 0.012 0.65 0.03 Robertson Pet (Kolar; 152,679) 366 0.016 0.80 0.04 Koppal (Koppal; 60,669) 1,020 0.006 0.32 0.02 Yelbarga (Koppal; 12,359) 3,983 0.001 0.07 0.00 Gangawati (Koppal; 100,763) 588 0.010 0.53 0.03 Kushtagi (Koppal; 22,887) 2,633 0.002 0.12 0.01 Shrirangapattana (Mandya; 25,337) 2,419 0.003 0.13 0.01 Maddur (Mandya; 28,588) 2,124 0.003 0.15 0.01 Nagamangala (Mandya; 17,343) 3,221 0.002 0.09 0.00 Pandavapura (Mandya; 19,705) 2,954 0.002 0.10 0.01 Mandya (Mandya; 141,784) 400 0.014 0.75 0.04 Krishnarajpet (Mandya; 24,284) 2,508 0.002 0.13 0.01 Malavalli (Mandya; 38,685) 1,575 0.004 0.20 0.01 Hunsur (Mysore; 47,430) 1,287 0.005 0.25 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Karnataka: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Krishnarajanagar (Mysore; 33,069) 1,824 0.003 0.17 0.01 Tirumakudal-Narsipur (Mysore; 10,730) 4,229 0.001 0.06 0.00 Heggadadevanakote (Mysore; 13,013) 3,872 0.001 0.07 0.00 Piriyapatna (Mysore; 16,124) 3,390 0.002 0.08 0.00 Nanjangud (Mysore; 52,106) 1,183 0.005 0.27 0.01 Mysore (Mysore; 802,072) 61 0.082 4.23 0.22 Bannur (Mysore; 25,059) 2,447 0.003 0.13 0.01 Mudgal (Raichur; 20,657) 2,859 0.002 0.11 0.01 Manvi (Raichur; 40,581) 1,502 0.004 0.21 0.01 Raichur (Raichur; 222,204) 232 0.023 1.17 0.06 Shaktinagar (Raichur; 20,513) 2,876 0.002 0.11 0.01 Lingsugur (Raichur; 29,501) 2,057 0.003 0.16 0.01 Hatti Gold Mines (Raichur; 15,902) 3,418 0.002 0.08 0.00 Hatti (Raichur; 13,420) 3,790 0.001 0.07 0.00 Devadurga (Raichur; 23,764) 2,546 0.002 0.13 0.01 Sindhnur (Raichur; 66,231) 920 0.007 0.35 0.02 Sagar (Shimoga; 54,153) 1,148 0.006 0.29 0.01 Siralkoppa (Shimoga; 15,669) 3,456 0.002 0.08 0.00 Shikarpur (Shimoga; 34,047) 1,781 0.003 0.18 0.01 Tirthahalli (Shimoga; 15,999) 3,403 0.002 0.08 0.00 Shimoga (Shimoga; 296,192) 168 0.030 1.56 0.08 Bhadravati (Shimoga; 173,316) 316 0.018 0.91 0.05 Jog Falls (Shimoga; 13,583) 3,763 0.001 0.07 0.00 Turuvekere (Tumkur; 14,345) 3,654 0.001 0.08 0.00 Madhugiri (Tumkur; 28,474) 2,134 0.003 0.15 0.01 Kunigal (Tumkur; 32,732) 1,841 0.003 0.17 0.01 Pavagada (Tumkur; 30,295) 1,999 0.003 0.16 0.01 Tumkur (Tumkur; 268,623) 188 0.027 1.42 0.07 Tiptur (Tumkur; 57,317) 1,088 0.006 0.30 0.02 Chiknayakanhalli (Tumkur; 24,162) 2,513 0.002 0.13 0.01 Gubbi (Tumkur; 18,156) 3,129 0.002 0.10 0.00 Koratagere (Tumkur; 14,737) 3,598 0.001 0.08 0.00 Sira (Tumkur; 54,089) 1,151 0.005 0.29 0.01 Saligram (Udupi; 16,164) 3,382 0.002 0.09 0.00 Udupi (Udupi; 122,148) 474 0.012 0.64 0.03 Karkal (Udupi; 27,142) 2,249 0.003 0.14 0.01 Kundapura (Udupi; 30,899) 1,959 0.003 0.16 0.01 Ankola (Uttara Kannada; 15,459) 3,488 0.002 0.08 0.00 Yellapur (Uttara Kannada; 19,383) 3,000 0.002 0.10 0.01 Haliyal (Uttara Kannada; 22,316) 2,684 0.002 0.12 0.01 Karwar (Uttara Kannada; 68,033) 897 0.007 0.36 0.02 Sirsi (Uttara Kannada; 63,442) 965 0.006 0.33 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Karnataka: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mundgod (Uttara Kannada; 17,474) 3,205 0.002 0.09 0.00 Siddapur (Uttara Kannada; 15,181) 3,540 0.002 0.08 0.00 Bhatkal (Uttara Kannada; 34,346) 1,767 0.003 0.18 0.01 Honavar (Uttara Kannada; 19,270) 3,011 0.002 0.10 0.01 Kumta (Uttara Kannada; 29,821) 2,043 0.003 0.16 0.01 Dandeli (Uttara Kannada; 57,581) 1,081 0.006 0.30 0.02 Others (N/A; 301,964) 30,000 0.031 1.59 0.08 Total 1.929 100.00 5.14 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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20 KERALA 20.1 LATENT DEMAND BY YEAR - KERALA

The Latent Demand for Depilatories in Kerala: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.840 3.59 2005 0.907 3.53 2006 0.979 3.46 2007 1.057 3.40 2008 1.142 3.33 2009 1.232 3.28 2010 1.329 3.23 2011 1.433 3.17 2012 1.546 3.12 2013 1.667 3.07 2014 1.798 3.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Kerala - Top Cities: Depilatories in 2009

Trivandrum

Kochi

Kozhikode

Kollam

Others

The Latent Demand for Depilatories in India and Kerala: 2009

KeralaIndia

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20.2 CITIES SORTED BY RANK - KERALA Kerala - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Trivandrum (785,871) 35 0.124 10.03 0.33 Kochi (629,416) 48 0.099 8.03 0.26 Kozhikode (460,636) 66 0.072 5.88 0.19 Kollam (381,403) 78 0.060 4.87 0.16 Thrissur (335,008) 90 0.053 4.28 0.14 Alappuzha (186,859) 172 0.029 2.38 0.08 Palakkad (137,957) 245 0.022 1.76 0.06 Thalassery (104,875) 341 0.016 1.34 0.04 Ponnani (92,181) 399 0.014 1.18 0.04 Manjeri (88,327) 415 0.014 1.13 0.04 Vadakara (79,923) 463 0.013 1.02 0.03 Neyyattinkara (73,270) 514 0.012 0.94 0.03 Quilandy (72,779) 519 0.011 0.93 0.03 Payyannur (72,506) 525 0.011 0.93 0.03 Taliparamba (71,166) 534 0.011 0.91 0.03 Edathala (70,845) 539 0.011 0.90 0.03 Beypore (70,577) 546 0.011 0.90 0.03 Kanhangad (69,117) 554 0.011 0.88 0.03 Kayamkulam (68,905) 558 0.011 0.88 0.03 Kannur (67,318) 569 0.011 0.86 0.03 Kalamassery (66,665) 577 0.010 0.85 0.03 Kottayam (64,079) 602 0.010 0.82 0.03 Thrippunithura (63,188) 614 0.010 0.81 0.03 Malappuram (61,720) 630 0.010 0.79 0.03 Cheruvannur (60,265) 651 0.009 0.77 0.03 Thiruvalla (59,967) 656 0.009 0.77 0.03 Nedumangad (59,239) 669 0.009 0.76 0.02 Tirur (56,613) 696 0.009 0.72 0.02 Kasaragod (55,593) 708 0.009 0.71 0.02 Changanassery (54,830) 721 0.009 0.70 0.02 Kunnamkulam (54,434) 725 0.009 0.69 0.02 Ottappalam (51,949) 750 0.008 0.66 0.02 Chalakudy (51,043) 759 0.008 0.65 0.02 Punalur (49,834) 779 0.008 0.64 0.02 Thodupuzha (48,779) 799 0.008 0.62 0.02 Cherthala (47,593) 818 0.007 0.61 0.02 Perinthalmanna (47,077) 829 0.007 0.60 0.02 Mattannur (46,765) 835 0.007 0.60 0.02 Chirakkal (45,681) 853 0.007 0.58 0.02 Komalapuram (45,671) 854 0.007 0.58 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Kerala - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Perumbaikad (45,358) 858 0.007 0.58 0.02 Varkala (44,608) 876 0.007 0.57 0.02 Vazhakkala (44,607) 878 0.007 0.57 0.02 Peringathur (44,403) 885 0.007 0.57 0.02 Shoranur (44,343) 886 0.007 0.57 0.02 Maradu (43,257) 913 0.007 0.55 0.02 Paravoor (40,784) 971 0.006 0.52 0.02 Chavakkad (40,244) 990 0.006 0.51 0.02 Kottuvally (39,976) 999 0.006 0.51 0.02 Pathanamthitta (39,890) 1,001 0.006 0.51 0.02 Kothamangalam (39,222) 1,022 0.006 0.50 0.02 Choornikkara (39,041) 1,027 0.006 0.50 0.02 Thottada (38,365) 1,045 0.006 0.49 0.02 Methala (38,323) 1,049 0.006 0.49 0.02 Attingal (37,617) 1,072 0.006 0.48 0.02 Kadungalloor (37,409) 1,078 0.006 0.48 0.02 Aroor (37,230) 1,082 0.006 0.48 0.02 Kodungallur (35,396) 1,132 0.006 0.45 0.01 Puzhathi (35,319) 1,139 0.006 0.45 0.01 Angamaly (35,270) 1,142 0.006 0.45 0.01 Pappinisseri (35,103) 1,146 0.006 0.45 0.01 Chittur-Thathamangalam (33,645) 1,186 0.005 0.43 0.01 Chockli (33,534) 1,192 0.005 0.43 0.01 Villiappally (33,517) 1,194 0.005 0.43 0.01 Elayavoor (33,287) 1,201 0.005 0.42 0.01 Olavanna (32,635) 1,226 0.005 0.42 0.01 Ramanattukara (32,117) 1,238 0.005 0.41 0.01 Eloor (31,754) 1,251 0.005 0.41 0.01 Paravur (31,716) 1,252 0.005 0.40 0.01 Chengamanad (31,419) 1,260 0.005 0.40 0.01 Erattupetta (31,314) 1,264 0.005 0.40 0.01 Kalpetta (31,237) 1,267 0.005 0.40 0.01 Koothuparamba (31,163) 1,270 0.005 0.40 0.01 Feroke (31,134) 1,271 0.005 0.40 0.01 Muvattupuzha (30,844) 1,281 0.005 0.39 0.01 Dharmadom (30,780) 1,284 0.005 0.39 0.01 Kadirur (30,590) 1,289 0.005 0.39 0.01 Adoor (30,542) 1,292 0.005 0.39 0.01 Irinjalakuda (30,468) 1,295 0.005 0.39 0.01 Mavelikkara (30,011) 1,309 0.005 0.38 0.01 Chendamangalam (29,687) 1,319 0.005 0.38 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Kerala - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kalliasseri (29,616) 1,327 0.005 0.38 0.01 Mavoor (29,381) 1,336 0.005 0.37 0.01 Pallikkunnu (28,452) 1,378 0.004 0.36 0.01 Perumbavoor (28,016) 1,397 0.004 0.36 0.01 Cheranallur (27,784) 1,410 0.004 0.35 0.01 Cheruthazham (27,689) 1,414 0.004 0.35 0.01 Chengannur (26,793) 1,465 0.004 0.34 0.01 Eranholi (25,969) 1,520 0.004 0.33 0.01 Varappuzha (25,870) 1,523 0.004 0.33 0.01 Muhamma (25,867) 1,524 0.004 0.33 0.01 Pantheeramkavu (25,848) 1,529 0.004 0.33 0.01 Aluva (25,439) 1,549 0.004 0.32 0.01 Azhikode South (25,271) 1,561 0.004 0.32 0.01 Kudlu (24,616) 1,600 0.004 0.31 0.01 Mulavukad (24,107) 1,628 0.004 0.31 0.01 Palai (23,890) 1,649 0.004 0.30 0.01 Vaikom (23,887) 1,650 0.004 0.30 0.01 Kanjikkuzhi (23,295) 1,684 0.004 0.30 0.01 Azhikode North (23,216) 1,690 0.004 0.30 0.01 Muzhappilangad (23,115) 1,701 0.004 0.29 0.01 Ancharakandy (23,091) 1,705 0.004 0.29 0.01 Thiruvankulam (22,912) 1,717 0.004 0.29 0.01 Guruvayoor (22,357) 1,758 0.004 0.29 0.01 Panniyannur (22,012) 1,782 0.003 0.28 0.01 Karuvanthuruthy (21,914) 1,789 0.003 0.28 0.01 Pattiom (21,050) 1,854 0.003 0.27 0.01 Chelora (20,647) 1,891 0.003 0.26 0.01 Munderi (20,554) 1,904 0.003 0.26 0.01 Paduvilayi (20,226) 1,941 0.003 0.26 0.01 Kannapuram (19,594) 2,000 0.003 0.25 0.01 Marathakkara (18,924) 2,071 0.003 0.24 0.01 Kottayam-Malabar (18,467) 2,129 0.003 0.24 0.01 Koratty (18,427) 2,132 0.003 0.24 0.01 Kadachira (18,401) 2,137 0.003 0.23 0.01 Nenmenikkara (18,367) 2,142 0.003 0.23 0.01 Arookutty (18,347) 2,149 0.003 0.23 0.01 Chevvoor (18,333) 2,153 0.003 0.23 0.01 Kokkothamangalam (17,783) 2,226 0.003 0.23 0.01 Pathiriyad (17,525) 2,255 0.003 0.22 0.01 Palayad (17,371) 2,279 0.003 0.22 0.01 Puthunagaram (17,271) 2,294 0.003 0.22 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Kerala - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Panoor (17,188) 2,306 0.003 0.22 0.01 Pinarayi (16,702) 2,369 0.003 0.21 0.01 Kadamakkudy (16,697) 2,370 0.003 0.21 0.01 Peralasseri (16,692) 2,372 0.003 0.21 0.01 Iriveri (16,538) 2,398 0.003 0.21 0.01 Chala (16,388) 2,418 0.003 0.21 0.01 Varam (15,553) 2,522 0.002 0.20 0.01 Kanhirode (14,725) 2,644 0.002 0.19 0.01 Chowwara (14,354) 2,694 0.002 0.18 0.01 Vallachira (14,185) 2,718 0.002 0.18 0.01 Brahmakulam (13,745) 2,793 0.002 0.18 0.01 Kannadiparamba (13,355) 2,861 0.002 0.17 0.01 Nadathara (13,289) 2,872 0.002 0.17 0.01 Narath (13,246) 2,880 0.002 0.17 0.01 Puthukkad (13,190) 2,886 0.002 0.17 0.01 Mavilayi (12,613) 2,985 0.002 0.16 0.01 Avinissery (12,095) 3,069 0.002 0.15 0.01 New Mahe (11,850) 3,110 0.002 0.15 0.00 Idukki Township (11,622) 3,151 0.002 0.15 0.00 Pavaratty (11,421) 3,186 0.002 0.15 0.00 Perakam (10,928) 3,283 0.002 0.14 0.00 Kureekkad (10,267) 3,424 0.002 0.13 0.00 Venmanad (10,222) 3,437 0.002 0.13 0.00 Puranattukara (10,125) 3,458 0.002 0.13 0.00 Manjeshwar (9,153) 3,686 0.001 0.12 0.00 Iringaprom (9,006) 3,715 0.001 0.11 0.00 Kolazhy (8,911) 3,731 0.001 0.11 0.00 Valapattanam (8,831) 3,751 0.001 0.11 0.00 Pottore (8,663) 3,797 0.001 0.11 0.00 Udma (8,594) 3,816 0.001 0.11 0.00 Palissery (8,389) 3,879 0.001 0.11 0.00 Thaikkad (8,177) 3,932 0.001 0.10 0.00 Paluvai (7,604) 4,073 0.001 0.10 0.00 Others (22,713) 30,000 0.004 0.29 0.01 Total 1.232 100.00 3.28 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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20.3 CITIES SORTED BY DISTRICT - KERALA City by District - Kerala: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mavelikkara (Alappuzha; 30,011) 1,309 0.005 0.38 0.01 Kayamkulam (Alappuzha; 68,905) 558 0.011 0.88 0.03 Cherthala (Alappuzha; 47,593) 818 0.007 0.61 0.02 Chengannur (Alappuzha; 26,793) 1,465 0.004 0.34 0.01 Muhamma (Alappuzha; 25,867) 1,524 0.004 0.33 0.01 Kanjikkuzhi (Alappuzha; 23,295) 1,684 0.004 0.30 0.01 Kokkothamangalam (Alappuzha; 17,783) 2,226 0.003 0.23 0.01 Aroor (Alappuzha; 37,230) 1,082 0.006 0.48 0.02 Arookutty (Alappuzha; 18,347) 2,149 0.003 0.23 0.01 Alappuzha (Alappuzha; 186,859) 172 0.029 2.38 0.08 Komalapuram (Alappuzha; 45,671) 854 0.007 0.58 0.02 Vazhakkala (Ernakulam; 44,607) 878 0.007 0.57 0.02 Chendamangalam (Ernakulam; 29,687) 1,319 0.005 0.38 0.01 Varappuzha (Ernakulam; 25,870) 1,523 0.004 0.33 0.01 Perumbavoor (Ernakulam; 28,016) 1,397 0.004 0.36 0.01 Mulavukad (Ernakulam; 24,107) 1,628 0.004 0.31 0.01 Aluva (Ernakulam; 25,439) 1,549 0.004 0.32 0.01 Kochi (Ernakulam; 629,416) 48 0.099 8.03 0.26 Cheranallur (Ernakulam; 27,784) 1,410 0.004 0.35 0.01 Eloor (Ernakulam; 31,754) 1,251 0.005 0.41 0.01 Edathala (Ernakulam; 70,845) 539 0.011 0.90 0.03 Chowwara (Ernakulam; 14,354) 2,694 0.002 0.18 0.01 Choornikkara (Ernakulam; 39,041) 1,027 0.006 0.50 0.02 Kadungalloor (Ernakulam; 37,409) 1,078 0.006 0.48 0.02 Muvattupuzha (Ernakulam; 30,844) 1,281 0.005 0.39 0.01 Kureekkad (Ernakulam; 10,267) 3,424 0.002 0.13 0.00 Kottuvally (Ernakulam; 39,976) 999 0.006 0.51 0.02 Angamaly (Ernakulam; 35,270) 1,142 0.006 0.45 0.01 Kalamassery (Ernakulam; 66,665) 577 0.010 0.85 0.03 Thrippunithura (Ernakulam; 63,188) 614 0.010 0.81 0.03 Chengamanad (Ernakulam; 31,419) 1,260 0.005 0.40 0.01 Thiruvankulam (Ernakulam; 22,912) 1,717 0.004 0.29 0.01 Paravur (Ernakulam; 31,716) 1,252 0.005 0.40 0.01 Kothamangalam (Ernakulam; 39,222) 1,022 0.006 0.50 0.02 Maradu (Ernakulam; 43,257) 913 0.007 0.55 0.02 Kadamakkudy (Ernakulam; 16,697) 2,370 0.003 0.21 0.01 Idukki Township (Idukki; 11,622) 3,151 0.002 0.15 0.00 Thodupuzha (Idukki; 48,779) 799 0.008 0.62 0.02 Iriveri (Kannur; 16,538) 2,398 0.003 0.21 0.01 Paduvilayi (Kannur; 20,226) 1,941 0.003 0.26 0.01 Chirakkal (Kannur; 45,681) 853 0.007 0.58 0.02 Mattannur (Kannur; 46,765) 835 0.007 0.60 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Kerala: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kottayam-Malabar (Kannur; 18,467) 2,129 0.003 0.24 0.01 New Mahe (Kannur; 11,850) 3,110 0.002 0.15 0.00 Muzhappilangad (Kannur; 23,115) 1,701 0.004 0.29 0.01 Narath (Kannur; 13,246) 2,880 0.002 0.17 0.01 Elayavoor (Kannur; 33,287) 1,201 0.005 0.42 0.01 Eranholi (Kannur; 25,969) 1,520 0.004 0.33 0.01 Mavilayi (Kannur; 12,613) 2,985 0.002 0.16 0.01 Munderi (Kannur; 20,554) 1,904 0.003 0.26 0.01 Kadachira (Kannur; 18,401) 2,137 0.003 0.23 0.01 Dharmadom (Kannur; 30,780) 1,284 0.005 0.39 0.01 Thalassery (Kannur; 104,875) 341 0.016 1.34 0.04 Pallikkunnu (Kannur; 28,452) 1,378 0.004 0.36 0.01 Chala (Kannur; 16,388) 2,418 0.003 0.21 0.01 Puzhathi (Kannur; 35,319) 1,139 0.006 0.45 0.01 Kanhirode (Kannur; 14,725) 2,644 0.002 0.19 0.01 Kadirur (Kannur; 30,590) 1,289 0.005 0.39 0.01 Pinarayi (Kannur; 16,702) 2,369 0.003 0.21 0.01 Azhikode South (Kannur; 25,271) 1,561 0.004 0.32 0.01 Chelora (Kannur; 20,647) 1,891 0.003 0.26 0.01 Azhikode North (Kannur; 23,216) 1,690 0.004 0.30 0.01 Thottada (Kannur; 38,365) 1,045 0.006 0.49 0.02 Kalliasseri (Kannur; 29,616) 1,327 0.005 0.38 0.01 Valapattanam (Kannur; 8,831) 3,751 0.001 0.11 0.00 Ancharakandy (Kannur; 23,091) 1,705 0.004 0.29 0.01 Varam (Kannur; 15,553) 2,522 0.002 0.20 0.01 Taliparamba (Kannur; 71,166) 534 0.011 0.91 0.03 Pappinisseri (Kannur; 35,103) 1,146 0.006 0.45 0.01 Kannur (Kannur; 67,318) 569 0.011 0.86 0.03 Panniyannur (Kannur; 22,012) 1,782 0.003 0.28 0.01 Panoor (Kannur; 17,188) 2,306 0.003 0.22 0.01 Koothuparamba (Kannur; 31,163) 1,270 0.005 0.40 0.01 Kannadiparamba (Kannur; 13,355) 2,861 0.002 0.17 0.01 Chockli (Kannur; 33,534) 1,192 0.005 0.43 0.01 Cheruthazham (Kannur; 27,689) 1,414 0.004 0.35 0.01 Pathiriyad (Kannur; 17,525) 2,255 0.003 0.22 0.01 Pattiom (Kannur; 21,050) 1,854 0.003 0.27 0.01 Payyannur (Kannur; 72,506) 525 0.011 0.93 0.03 Peralasseri (Kannur; 16,692) 2,372 0.003 0.21 0.01 Peringathur (Kannur; 44,403) 885 0.007 0.57 0.02 Kannapuram (Kannur; 19,594) 2,000 0.003 0.25 0.01 Kanhangad (Kasaragod; 69,117) 554 0.011 0.88 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Kerala: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kudlu (Kasaragod; 24,616) 1,600 0.004 0.31 0.01 Udma (Kasaragod; 8,594) 3,816 0.001 0.11 0.00 Kasaragod (Kasaragod; 55,593) 708 0.009 0.71 0.02 Manjeshwar (Kasaragod; 9,153) 3,686 0.001 0.12 0.00 Paravoor (Kollam; 40,784) 971 0.006 0.52 0.02 Punalur (Kollam; 49,834) 779 0.008 0.64 0.02 Kollam (Kollam; 381,403) 78 0.060 4.87 0.16 Vaikom (Kottayam; 23,887) 1,650 0.004 0.30 0.01 Erattupetta (Kottayam; 31,314) 1,264 0.005 0.40 0.01 Palai (Kottayam; 23,890) 1,649 0.004 0.30 0.01 Kottayam (Kottayam; 64,079) 602 0.010 0.82 0.03 Changanassery (Kottayam; 54,830) 721 0.009 0.70 0.02 Perumbaikad (Kottayam; 45,358) 858 0.007 0.58 0.02 Karuvanthuruthy (Kozhikode; 21,914) 1,789 0.003 0.28 0.01 Vadakara (Kozhikode; 79,923) 463 0.013 1.02 0.03 Beypore (Kozhikode; 70,577) 546 0.011 0.90 0.03 Ramanattukara (Kozhikode; 32,117) 1,238 0.005 0.41 0.01 Quilandy (Kozhikode; 72,779) 519 0.011 0.93 0.03 Palayad (Kozhikode; 17,371) 2,279 0.003 0.22 0.01 Cheruvannur (Kozhikode; 60,265) 651 0.009 0.77 0.03 Olavanna (Kozhikode; 32,635) 1,226 0.005 0.42 0.01 Mavoor (Kozhikode; 29,381) 1,336 0.005 0.37 0.01 Villiappally (Kozhikode; 33,517) 1,194 0.005 0.43 0.01 Feroke (Kozhikode; 31,134) 1,271 0.005 0.40 0.01 Kozhikode (Kozhikode; 460,636) 66 0.072 5.88 0.19 Pantheeramkavu (Kozhikode; 25,848) 1,529 0.004 0.33 0.01 Ponnani (Malappuram; 92,181) 399 0.014 1.18 0.04 Perinthalmanna (Malappuram; 47,077) 829 0.007 0.60 0.02 Malappuram (Malappuram; 61,720) 630 0.010 0.79 0.03 Tirur (Malappuram; 56,613) 696 0.009 0.72 0.02 Manjeri (Malappuram; 88,327) 415 0.014 1.13 0.04 Shoranur (Palakkad; 44,343) 886 0.007 0.57 0.02 Puthunagaram (Palakkad; 17,271) 2,294 0.003 0.22 0.01 Chittur-Thathamangalam (Palakkad; 33,645) 1,186 0.005 0.43 0.01 Palakkad (Palakkad; 137,957) 245 0.022 1.76 0.06 Ottappalam (Palakkad; 51,949) 750 0.008 0.66 0.02 Adoor (Pathanamthitta; 30,542) 1,292 0.005 0.39 0.01 Thiruvalla (Pathanamthitta; 59,967) 656 0.009 0.77 0.03 Pathanamthitta (Pathanamthitta; 39,890) 1,001 0.006 0.51 0.02 Nedumangad (Thiruvananthapuram; 59,239) 669 0.009 0.76 0.02 Attingal (Thiruvananthapuram; 37,617) 1,072 0.006 0.48 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Kerala: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Trivandrum (Thiruvananthapuram; 785,871) 35 0.124 10.03 0.33 Varkala (Thiruvananthapuram; 44,608) 876 0.007 0.57 0.02 Neyyattinkara (Thiruvananthapuram; 73,270) 514 0.012 0.94 0.03 Thaikkad (Thrissur; 8,177) 3,932 0.001 0.10 0.00 Puranattukara (Thrissur; 10,125) 3,458 0.002 0.13 0.00 Avinissery (Thrissur; 12,095) 3,069 0.002 0.15 0.01 Thrissur (Thrissur; 335,008) 90 0.053 4.28 0.14 Brahmakulam (Thrissur; 13,745) 2,793 0.002 0.18 0.01 Chalakudy (Thrissur; 51,043) 759 0.008 0.65 0.02 Puthukkad (Thrissur; 13,190) 2,886 0.002 0.17 0.01 Chavakkad (Thrissur; 40,244) 990 0.006 0.51 0.02 Vallachira (Thrissur; 14,185) 2,718 0.002 0.18 0.01 Venmanad (Thrissur; 10,222) 3,437 0.002 0.13 0.00 Methala (Thrissur; 38,323) 1,049 0.006 0.49 0.02 Kodungallur (Thrissur; 35,396) 1,132 0.006 0.45 0.01 Kolazhy (Thrissur; 8,911) 3,731 0.001 0.11 0.00 Koratty (Thrissur; 18,427) 2,132 0.003 0.24 0.01 Irinjalakuda (Thrissur; 30,468) 1,295 0.005 0.39 0.01 Iringaprom (Thrissur; 9,006) 3,715 0.001 0.11 0.00 Kunnamkulam (Thrissur; 54,434) 725 0.009 0.69 0.02 Guruvayoor (Thrissur; 22,357) 1,758 0.004 0.29 0.01 Perakam (Thrissur; 10,928) 3,283 0.002 0.14 0.00 Marathakkara (Thrissur; 18,924) 2,071 0.003 0.24 0.01 Pottore (Thrissur; 8,663) 3,797 0.001 0.11 0.00 Nadathara (Thrissur; 13,289) 2,872 0.002 0.17 0.01 Nenmenikkara (Thrissur; 18,367) 2,142 0.003 0.23 0.01 Palissery (Thrissur; 8,389) 3,879 0.001 0.11 0.00 Chevvoor (Thrissur; 18,333) 2,153 0.003 0.23 0.01 Paluvai (Thrissur; 7,604) 4,073 0.001 0.10 0.00 Pavaratty (Thrissur; 11,421) 3,186 0.002 0.15 0.00 Kalpetta (Wayanad; 31,237) 1,267 0.005 0.40 0.01 Others (N/A; 22,713) 30,000 0.004 0.29 0.01 Total 1.232 100.00 3.28 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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21 LAKSHADWEEP 21.1 LATENT DEMAND BY YEAR - LAKSHADWEEP

The Latent Demand for Depilatories in Lakshadweep: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.002 0.01 2005 0.003 0.01 2006 0.003 0.01 2007 0.003 0.01 2008 0.003 0.01 2009 0.003 0.01 2010 0.004 0.01 2011 0.004 0.01 2012 0.004 0.01 2013 0.005 0.01 2014 0.005 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Lakshadweep - Top Cities: Depilatories in 2009

Kavaratti

Minicoy

Others

The Latent Demand for Depilatories in India and Lakshadweep: 2009

LakshadweepIndia

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21.2 CITIES SORTED BY RANK - LAKSHADWEEP Lakshadweep - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kavaratti (10,928) 3,896 0.001 37.53 0.00 Minicoy (10,260) 4,026 0.001 35.23 0.00 Others (7,931) 30,000 0.001 27.24 0.00 Total 0.003 100.00 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

21.3 CITIES SORTED BY DISTRICT - LAKSHADWEEP City by District - Lakshadweep: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Minicoy (Lakshadweep; 10,260) 4,026 0.001 35.23 0.00 Kavaratti (Lakshadweep; 10,928) 3,896 0.001 37.53 0.00 Others (N/A; 7,931) 30,000 0.001 27.24 0.00 Total 0.003 100.00 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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22 MADHYA PRADESH 22.1 LATENT DEMAND BY YEAR - MADHYA PRADESH

The Latent Demand for Depilatories in Madhya Pradesh: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 1.146 4.90 2005 1.303 5.07 2006 1.482 5.24 2007 1.685 5.41 2008 1.913 5.58 2009 2.154 5.73 2010 2.424 5.88 2011 2.727 6.04 2012 3.067 6.19 2013 3.451 6.35 2014 3.882 6.51 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Madhya Pradesh - Top Cities: Depilatories in 2009

Indore

Bhopal

Jabalpur

Gwalior

Others

The Latent Demand for Depilatories in India and Madhya Pradesh: 2009

Madhya PradeshIndia

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22.2 CITIES SORTED BY RANK - MADHYA PRADESH Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Indore (1,788,421) 15 0.218 10.14 0.58 Bhopal (1,605,300) 17 0.196 9.10 0.52 Jabalpur (1,065,221) 31 0.130 6.04 0.35 Gwalior (925,780) 41 0.113 5.25 0.30 Ujjain (481,333) 82 0.059 2.73 0.16 Sagar (260,096) 155 0.032 1.47 0.08 Dewas (258,234) 156 0.032 1.46 0.08 Satna (252,424) 161 0.031 1.43 0.08 Ratlam (247,720) 166 0.030 1.40 0.08 Burhanpur (217,597) 198 0.027 1.23 0.07 Murwara (209,063) 206 0.026 1.18 0.07 Singrauli (207,767) 209 0.025 1.18 0.07 Rewa (205,138) 212 0.025 1.16 0.07 Khandwa (192,536) 222 0.024 1.09 0.06 Bhind (172,152) 255 0.021 0.98 0.06 Morena (168,930) 263 0.021 0.96 0.05 Shivpuri (164,417) 271 0.020 0.93 0.05 Guna (153,527) 300 0.019 0.87 0.05 Vidisha (140,456) 325 0.017 0.80 0.05 Chhindwara (136,932) 334 0.017 0.78 0.04 Mandsaur (130,409) 354 0.016 0.74 0.04 Damoh (125,569) 374 0.015 0.71 0.04 Neemuch (120,348) 392 0.015 0.68 0.04 Chhatarpur (111,417) 423 0.014 0.63 0.04 Hoshangabad (108,996) 435 0.013 0.62 0.04 Nagda (108,065) 438 0.013 0.61 0.04 Sarni (106,374) 448 0.013 0.60 0.03 Itarsi (104,995) 456 0.013 0.60 0.03 Sehore (101,801) 470 0.012 0.58 0.03 Seoni (100,535) 482 0.012 0.57 0.03 Khargone (96,778) 496 0.012 0.55 0.03 Mhow Cantt. (95,188) 508 0.012 0.54 0.03 Betul (93,244) 526 0.011 0.53 0.03 Datia (92,634) 528 0.011 0.53 0.03 Shahdol (87,978) 564 0.011 0.50 0.03 Dhar (84,495) 584 0.010 0.48 0.03 Balaghat (84,035) 586 0.010 0.48 0.03 Tikamgarh (76,770) 664 0.009 0.44 0.02 Pithampur (76,187) 670 0.009 0.43 0.02 Jabalpur Cantt. (74,430) 687 0.009 0.42 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jaora (71,356) 712 0.009 0.40 0.02 Basoda (69,813) 727 0.009 0.40 0.02 Harda (69,090) 734 0.008 0.39 0.02 Ashok Nagar (64,578) 775 0.008 0.37 0.02 Dabra (63,440) 789 0.008 0.36 0.02 Sheopur (61,605) 815 0.008 0.35 0.02 Bina Etawa (57,309) 881 0.007 0.32 0.02 Shajapur (56,074) 906 0.007 0.32 0.02 Raghogarh -Vijaypur (55,074) 923 0.007 0.31 0.02 Sendhwa (54,792) 925 0.007 0.31 0.02 Narsimhapur (51,634) 993 0.006 0.29 0.02 Mandla (51,395) 1,000 0.006 0.29 0.02 Panna (51,126) 1,005 0.006 0.29 0.02 Sidhi (51,123) 1,006 0.006 0.29 0.02 Gohad (50,597) 1,017 0.006 0.29 0.02 Dhanpuri (49,164) 1,052 0.006 0.28 0.02 Barwani (48,389) 1,074 0.006 0.27 0.02 Shujalpur (47,542) 1,091 0.006 0.27 0.02 Sironj (47,133) 1,102 0.006 0.27 0.02 Pipariya (46,245) 1,116 0.006 0.26 0.02 Pandhurna (45,796) 1,127 0.006 0.26 0.01 Mandideep (44,668) 1,157 0.005 0.25 0.01 Ashta (44,528) 1,160 0.005 0.25 0.01 Morar Cantt. (43,529) 1,181 0.005 0.25 0.01 Sihora (42,417) 1,214 0.005 0.24 0.01 Dongar Parasia (42,404) 1,215 0.005 0.24 0.01 Gadarwara (42,361) 1,216 0.005 0.24 0.01 Biaora (42,337) 1,218 0.005 0.24 0.01 Ambah (40,800) 1,253 0.005 0.23 0.01 Sagar Cantt. (40,161) 1,268 0.005 0.23 0.01 Raisen (39,804) 1,278 0.005 0.23 0.01 Maihar (38,453) 1,313 0.005 0.22 0.01 Sanawad (38,211) 1,320 0.005 0.22 0.01 Porsa (37,054) 1,357 0.005 0.21 0.01 Nowgaon (36,972) 1,361 0.005 0.21 0.01 Malaj Khand (36,191) 1,387 0.004 0.21 0.01 Sarangpur (36,156) 1,389 0.004 0.20 0.01 Khurai (35,699) 1,413 0.004 0.20 0.01 Nepanagar (35,443) 1,424 0.004 0.20 0.01 Agar (34,932) 1,448 0.004 0.20 0.01 Badnagar (34,651) 1,458 0.004 0.20 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jhabua (34,233) 1,482 0.004 0.19 0.01 Begamganj (34,217) 1,483 0.004 0.19 0.01 Amlai (33,914) 1,496 0.004 0.19 0.01 Khachrod (33,471) 1,517 0.004 0.19 0.01 Sabalgarh (33,135) 1,537 0.004 0.19 0.01 Pasan (33,101) 1,538 0.004 0.19 0.01 Amla (33,086) 1,539 0.004 0.19 0.01 Hatta (31,916) 1,585 0.004 0.18 0.01 Kotma (31,889) 1,586 0.004 0.18 0.01 Chanderi (31,698) 1,598 0.004 0.18 0.01 Bijuri (31,642) 1,602 0.004 0.18 0.01 Lahar (31,627) 1,603 0.004 0.18 0.01 Mahidpur (31,437) 1,609 0.004 0.18 0.01 Narsinghgarh (30,964) 1,634 0.004 0.18 0.01 Garhakota (30,090) 1,679 0.004 0.17 0.01 Umaria (30,045) 1,681 0.004 0.17 0.01 Dhamnod (29,411) 1,720 0.004 0.17 0.01 Seoni Malwa (29,327) 1,727 0.004 0.17 0.01 Banda (29,308) 1,728 0.004 0.17 0.01 Rehli (29,011) 1,746 0.004 0.16 0.01 Joura (28,564) 1,769 0.003 0.16 0.01 Manawar (28,504) 1,771 0.003 0.16 0.01 Bamor (28,237) 1,786 0.003 0.16 0.01 Rahatgarh (28,232) 1,787 0.003 0.16 0.01 Baraily (28,231) 1,788 0.003 0.16 0.01 Alirajpur (28,169) 1,791 0.003 0.16 0.01 Panagar (28,149) 1,795 0.003 0.16 0.01 Kareli (28,028) 1,799 0.003 0.16 0.01 Barwaha (27,893) 1,805 0.003 0.16 0.01 Kukshi (27,224) 1,845 0.003 0.15 0.01 Sausar (27,219) 1,846 0.003 0.15 0.01 Berasia (27,193) 1,848 0.003 0.15 0.01 Rajgarh (26,788) 1,875 0.003 0.15 0.01 Deori (26,659) 1,886 0.003 0.15 0.01 Karera (26,299) 1,916 0.003 0.15 0.01 Chhota Chhindwara (26,217) 1,924 0.003 0.15 0.01 Mauganj (25,737) 1,956 0.003 0.15 0.01 Wara Seoni (25,712) 1,964 0.003 0.15 0.01 Anjad (25,627) 1,971 0.003 0.15 0.01 Manasa (25,327) 1,993 0.003 0.14 0.01 Prithvipur (25,237) 1,997 0.003 0.14 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jamai (25,107) 2,014 0.003 0.14 0.01 Nowrozaba (25,079) 2,016 0.003 0.14 0.01 Sohagpur (24,999) 2,027 0.003 0.14 0.01 Chitrakoot (24,959) 2,031 0.003 0.14 0.01 Kailaras (24,552) 2,058 0.003 0.14 0.01 Nainpur (24,372) 2,069 0.003 0.14 0.01 Maharajpur (24,106) 2,095 0.003 0.14 0.01 Alot (24,095) 2,097 0.003 0.14 0.01 Shamgarh (24,020) 2,101 0.003 0.14 0.01 Tarana (24,020) 2,102 0.003 0.14 0.01 Multai (23,990) 2,106 0.003 0.14 0.01 Aron (23,768) 2,130 0.003 0.13 0.01 Khategaon (23,531) 2,161 0.003 0.13 0.01 Pachore (23,443) 2,173 0.003 0.13 0.01 Pali (23,363) 2,183 0.003 0.13 0.01 Rau (23,337) 2,184 0.003 0.13 0.01 Bangawan (23,196) 2,201 0.003 0.13 0.01 Niwari (23,187) 2,202 0.003 0.13 0.01 Bhander (23,138) 2,209 0.003 0.13 0.01 Mhowgaon (22,974) 2,221 0.003 0.13 0.01 Laundi (22,599) 2,250 0.003 0.13 0.01 Kymore (22,548) 2,257 0.003 0.13 0.01 Beohari (22,406) 2,271 0.003 0.13 0.01 Obedullaganj (22,341) 2,282 0.003 0.13 0.01 Maheshwar (21,995) 2,318 0.003 0.12 0.01 Seondha (21,876) 2,330 0.003 0.12 0.01 Mungaoli (21,872) 2,331 0.003 0.12 0.01 Nagod (21,802) 2,339 0.003 0.12 0.01 Khajuraho (21,587) 2,362 0.003 0.12 0.01 Timarni (21,471) 2,377 0.003 0.12 0.01 Kasrawad (21,311) 2,392 0.003 0.12 0.01 Rajakhedi (21,297) 2,397 0.003 0.12 0.01 Bijawar (20,613) 2,470 0.003 0.12 0.01 Maksi (20,591) 2,474 0.003 0.12 0.01 Shahpur (20,361) 2,492 0.002 0.12 0.01 Rajpur (20,055) 2,516 0.002 0.11 0.01 Rampura (19,884) 2,536 0.002 0.11 0.01 Burhar (19,868) 2,539 0.002 0.11 0.01 Badnawar (19,868) 2,540 0.002 0.11 0.01 Mau (19,732) 2,552 0.002 0.11 0.01 Khirkiya (19,573) 2,569 0.002 0.11 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dindori (19,495) 2,577 0.002 0.11 0.01 Chachaura-Binaganj (19,372) 2,590 0.002 0.11 0.01 Gormi (19,318) 2,596 0.002 0.11 0.01 Nasrullaganj (19,301) 2,601 0.002 0.11 0.01 Patharia (19,236) 2,609 0.002 0.11 0.01 Katangi (19,118) 2,626 0.002 0.11 0.01 Chandameta-Butaria (18,962) 2,643 0.002 0.11 0.01 Jirapur (18,825) 2,660 0.002 0.11 0.01 Unchehara (18,654) 2,678 0.002 0.11 0.01 Bhanpura (18,465) 2,695 0.002 0.10 0.01 Anuppur (18,357) 2,705 0.002 0.10 0.01 Amarpatan (18,322) 2,709 0.002 0.10 0.01 Jawad (18,073) 2,748 0.002 0.10 0.01 Badi (18,018) 2,756 0.002 0.10 0.01 Hatpipalya (17,842) 2,776 0.002 0.10 0.01 Daboh (17,798) 2,780 0.002 0.10 0.01 Harsud (17,766) 2,783 0.002 0.10 0.01 Damua (17,752) 2,786 0.002 0.10 0.01 Bhainsdehi (17,640) 2,798 0.002 0.10 0.01 Narwar (17,631) 2,799 0.002 0.10 0.01 Kolaras (17,548) 2,812 0.002 0.10 0.01 Badoda (17,546) 2,813 0.002 0.10 0.01 Jatara (17,457) 2,826 0.002 0.10 0.01 Sonkatch (17,401) 2,832 0.002 0.10 0.01 Harpalpur (17,252) 2,850 0.002 0.10 0.01 Baihar (17,241) 2,853 0.002 0.10 0.01 Khilchipur (17,153) 2,867 0.002 0.10 0.01 G.C.F Jabalpur (17,100) 2,873 0.002 0.10 0.01 Bhitarwar (17,091) 2,874 0.002 0.10 0.01 Teonthar (17,072) 2,877 0.002 0.10 0.01 Depalpur (17,017) 2,882 0.002 0.10 0.01 Kannod (16,978) 2,887 0.002 0.10 0.01 Bada Malhera (16,840) 2,905 0.002 0.10 0.01 Pichhore (16,678) 2,919 0.002 0.09 0.01 Hanumana (16,651) 2,922 0.002 0.09 0.01 Mihona (16,568) 2,934 0.002 0.09 0.01 Mehgaon (16,498) 2,941 0.002 0.09 0.01 Palera (16,397) 2,955 0.002 0.09 0.01 Indergarh (16,341) 2,964 0.002 0.09 0.01 Babai (16,331) 2,966 0.002 0.09 0.01 Shahgarh (16,329) 2,967 0.002 0.09 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Garoth (16,310) 2,973 0.002 0.09 0.01 O.F.Khamaria (16,297) 2,975 0.002 0.09 0.01 Bijeypur (16,295) 2,976 0.002 0.09 0.01 Hindoria (16,151) 2,998 0.002 0.09 0.01 Makronia (16,106) 3,002 0.002 0.09 0.01 Lakhnadon (16,058) 3,008 0.002 0.09 0.01 Bhikangaon (16,006) 3,014 0.002 0.09 0.01 Khetia (15,970) 3,021 0.002 0.09 0.01 Nalkheda (15,899) 3,026 0.002 0.09 0.01 Lateri (15,749) 3,040 0.002 0.09 0.01 Kumbhraj (15,673) 3,051 0.002 0.09 0.01 Ajaigarh (15,650) 3,053 0.002 0.09 0.01 Unhel (15,623) 3,057 0.002 0.09 0.01 Budhni (15,519) 3,074 0.002 0.09 0.01 Udaipura (15,439) 3,086 0.002 0.09 0.01 Kurwai (15,379) 3,098 0.002 0.09 0.00 Piplya Mandi (15,341) 3,101 0.002 0.09 0.00 Soyatkalan (15,197) 3,116 0.002 0.09 0.00 Susner (15,047) 3,140 0.002 0.09 0.00 Dharampuri (14,811) 3,166 0.002 0.08 0.00 Runji Gautampura (14,802) 3,169 0.002 0.08 0.00 Patan (14,795) 3,172 0.002 0.08 0.00 Sawer (14,718) 3,184 0.002 0.08 0.00 Churhat (14,668) 3,190 0.002 0.08 0.00 Tal (14,636) 3,193 0.002 0.08 0.00 Garhi-Malhara (14,512) 3,208 0.002 0.08 0.00 Sitamau (14,430) 3,224 0.002 0.08 0.00 Tekanpur (14,352) 3,240 0.002 0.08 0.00 Chandia (14,337) 3,243 0.002 0.08 0.00 Ichhawar (14,205) 3,263 0.002 0.08 0.00 Thandla (14,202) 3,264 0.002 0.08 0.00 Khaniyadhana (14,101) 3,277 0.002 0.08 0.00 Betma (14,027) 3,294 0.002 0.08 0.00 Gurh (13,933) 3,306 0.002 0.08 0.00 Rajnagar (13,929) 3,308 0.002 0.08 0.00 Petlawad (13,904) 3,314 0.002 0.08 0.00 Khargapur (13,896) 3,316 0.002 0.08 0.00 Birsinghpur (13,809) 3,332 0.002 0.08 0.00 Semaria (13,799) 3,336 0.002 0.08 0.00 Ratlam Rly. Colony (13,673) 3,353 0.002 0.08 0.00 Amarwara (13,463) 3,380 0.002 0.08 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Pawai (13,438) 3,386 0.002 0.08 0.00 Shahpura (13,391) 3,395 0.002 0.08 0.00 Vehicle Fac. Jabalpur (13,385) 3,397 0.002 0.08 0.00 Bilpura (13,224) 3,422 0.002 0.07 0.00 Badod (13,170) 3,435 0.002 0.07 0.00 Amanganj (13,003) 3,463 0.002 0.07 0.00 Mangawan (12,938) 3,472 0.002 0.07 0.00 Bilaua (12,900) 3,481 0.002 0.07 0.00 Devendranagar (12,775) 3,508 0.002 0.07 0.00 Chaurai Khas (12,762) 3,511 0.002 0.07 0.00 Pachmarhi Cantt (12,734) 3,518 0.002 0.07 0.00 Mandleshwar (12,701) 3,528 0.002 0.07 0.00 Rampur Baghelan (12,668) 3,536 0.002 0.07 0.00 Majholi (12,660) 3,537 0.002 0.07 0.00 Tendu Kheda (12,570) 3,550 0.002 0.07 0.00 Bhilakhedi (12,495) 3,562 0.002 0.07 0.00 Akoda (12,353) 3,583 0.002 0.07 0.00 Pandhana (12,314) 3,589 0.002 0.07 0.00 Khan (12,248) 3,602 0.001 0.07 0.00 Sirmaur (12,246) 3,605 0.001 0.07 0.00 Barhi (12,229) 3,607 0.001 0.07 0.00 Satwas (12,224) 3,608 0.001 0.07 0.00 Sailana (12,206) 3,611 0.001 0.07 0.00 Barela (12,174) 3,617 0.001 0.07 0.00 Palda (12,157) 3,620 0.001 0.07 0.00 Neuton Chikhli Kalan (12,147) 3,621 0.001 0.07 0.00 Polay Kalan (12,146) 3,622 0.001 0.07 0.00 Devhara (12,121) 3,626 0.001 0.07 0.00 Ghuwara (12,106) 3,627 0.001 0.07 0.00 Badkuhi (12,051) 3,641 0.001 0.07 0.00 Pansemal (12,030) 3,645 0.001 0.07 0.00 Kali Chhapar (11,970) 3,652 0.001 0.07 0.00 Lidhorakhas (11,943) 3,656 0.001 0.07 0.00 Mundi (11,942) 3,657 0.001 0.07 0.00 Ranapur (11,886) 3,669 0.001 0.07 0.00 Jiran (11,777) 3,688 0.001 0.07 0.00 Barghat (11,671) 3,699 0.001 0.07 0.00 Badarwas (11,652) 3,700 0.001 0.07 0.00 Akodia (11,652) 3,701 0.001 0.07 0.00 Bhaurasa (11,649) 3,703 0.001 0.07 0.00 Dola (11,618) 3,710 0.001 0.07 0.00 Isagarh (11,584) 3,716 0.001 0.07 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Meghnagar (11,549) 3,719 0.001 0.07 0.00 Dhana (11,526) 3,721 0.001 0.07 0.00 Ordinance Factory Itarsi (11,492) 3,728 0.001 0.07 0.00 Karnawad (11,480) 3,730 0.001 0.07 0.00 Phuphkalan (11,470) 3,732 0.001 0.07 0.00 Chandla (11,427) 3,743 0.001 0.06 0.00 Bagli (11,332) 3,760 0.001 0.06 0.00 Narayangarh (11,284) 3,768 0.001 0.06 0.00 Jobat (11,185) 3,788 0.001 0.06 0.00 Rampur Naikin (11,085) 3,809 0.001 0.06 0.00 Mohgaon (11,072) 3,812 0.001 0.06 0.00 Rehti (10,906) 3,853 0.001 0.06 0.00 Dumar Kachhar (10,893) 3,857 0.001 0.06 0.00 Govindgarh (10,856) 3,868 0.001 0.06 0.00 Betul-Bazar (10,798) 3,880 0.001 0.06 0.00 Bamhani (10,769) 3,887 0.001 0.06 0.00 Antari (10,674) 3,908 0.001 0.06 0.00 Kelhaur (10,638) 3,917 0.001 0.06 0.00 Harrai (10,566) 3,927 0.001 0.06 0.00 Alampur (10,468) 3,939 0.001 0.06 0.00 Lodhikheda (10,414) 3,947 0.001 0.06 0.00 Baikunthpur (10,413) 3,948 0.001 0.06 0.00 Karrapur (10,395) 3,954 0.001 0.06 0.00 Khujner (10,395) 3,955 0.001 0.06 0.00 Bhavra (10,370) 3,961 0.001 0.06 0.00 Chichli (10,356) 3,971 0.001 0.06 0.00 Kantaphod (10,345) 3,972 0.001 0.06 0.00 Iklehra (10,307) 3,978 0.001 0.06 0.00 Manegaon (10,271) 3,989 0.001 0.06 0.00 Chakghat (10,191) 4,006 0.001 0.06 0.00 Bharveli (10,189) 4,007 0.001 0.06 0.00 Talen (10,186) 4,009 0.001 0.06 0.00 Buxwaha (10,148) 4,017 0.001 0.06 0.00 Hatod (10,110) 4,023 0.001 0.06 0.00 Jaitwara (9,967) 4,044 0.001 0.06 0.00 Tirodi (9,905) 4,059 0.001 0.06 0.00 Nai Garhi (9,815) 4,069 0.001 0.06 0.00 Sultanpur (9,758) 4,078 0.001 0.06 0.00 Kari (9,724) 4,084 0.001 0.06 0.00 Kanad (9,684) 4,089 0.001 0.05 0.00 Barigarh (9,616) 4,105 0.001 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Madhya Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mandav (9,567) 4,113 0.001 0.05 0.00 Boda (9,529) 4,120 0.001 0.05 0.00 Orachha (9,515) 4,122 0.001 0.05 0.00 Sirgora (9,499) 4,128 0.001 0.05 0.00 Namli (9,488) 4,132 0.001 0.05 0.00 Suhagi (9,372) 4,152 0.001 0.05 0.00 Singoli (9,300) 4,160 0.001 0.05 0.00 Jeron Khalsa (9,289) 4,164 0.001 0.05 0.00 Satai (9,284) 4,165 0.001 0.05 0.00 Jhundpura (9,080) 4,200 0.001 0.05 0.00 Loharda (9,070) 4,201 0.001 0.05 0.00 Gairatganj (9,063) 4,203 0.001 0.05 0.00 Dighawani (8,884) 4,241 0.001 0.05 0.00 Machalpur (8,827) 4,244 0.001 0.05 0.00 Jaithari (8,733) 4,255 0.001 0.05 0.00 Badagaon (8,647) 4,276 0.001 0.05 0.00 Kothi (8,632) 4,279 0.001 0.05 0.00 Badawada (8,569) 4,293 0.001 0.05 0.00 Suthaliya (8,510) 4,305 0.001 0.05 0.00 Baldeogarh (8,492) 4,309 0.001 0.05 0.00 Bamora (8,303) 4,339 0.001 0.05 0.00 Bagh (8,301) 4,340 0.001 0.05 0.00 Jaisinghnagar (8,276) 4,349 0.001 0.05 0.00 Malhargarh (8,228) 4,358 0.001 0.05 0.00 Others (229,572) 30,000 0.028 1.30 0.07 Total 2.154 100.00 5.73 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

22.3 CITIES SORTED BY DISTRICT - MADHYA PRADESH City by District - Madhya Pradesh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Malaj Khand (Balaghat; 36,191) 1,387 0.004 0.21 0.01 Wara Seoni (Balaghat; 25,712) 1,964 0.003 0.15 0.01 Baihar (Balaghat; 17,241) 2,853 0.002 0.10 0.01 Tirodi (Balaghat; 9,905) 4,059 0.001 0.06 0.00 Balaghat (Balaghat; 84,035) 586 0.010 0.48 0.03 Bharveli (Balaghat; 10,189) 4,007 0.001 0.06 0.00 Barwani (Barwani; 48,389) 1,074 0.006 0.27 0.02 Anjad (Barwani; 25,627) 1,971 0.003 0.15 0.01 Pansemal (Barwani; 12,030) 3,645 0.001 0.07 0.00 Sendhwa (Barwani; 54,792) 925 0.007 0.31 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Rajpur (Barwani; 20,055) 2,516 0.002 0.11 0.01 Khetia (Barwani; 15,970) 3,021 0.002 0.09 0.01 Amla (Betul; 33,086) 1,539 0.004 0.19 0.01 Bhainsdehi (Betul; 17,640) 2,798 0.002 0.10 0.01 Betul-Bazar (Betul; 10,798) 3,880 0.001 0.06 0.00 Betul (Betul; 93,244) 526 0.011 0.53 0.03 Sarni (Betul; 106,374) 448 0.013 0.60 0.03 Shahpur (Betul; 4,475) 2,492 0.002 0.12 0.01 Multai (Betul; 23,990) 2,106 0.003 0.14 0.01 Phuphkalan (Bhind; 11,470) 3,732 0.001 0.07 0.00 Gohad (Bhind; 50,597) 1,017 0.006 0.29 0.02 Daboh (Bhind; 17,798) 2,780 0.002 0.10 0.01 Gormi (Bhind; 19,318) 2,596 0.002 0.11 0.01 Mehgaon (Bhind; 16,498) 2,941 0.002 0.09 0.01 Mau (Bhind; 19,732) 2,552 0.002 0.11 0.01 Mihona (Bhind; 16,568) 2,934 0.002 0.09 0.01 Alampur (Bhind; 10,468) 3,939 0.001 0.06 0.00 Bhind (Bhind; 172,152) 255 0.021 0.98 0.06 Akoda (Bhind; 12,353) 3,583 0.002 0.07 0.00 Lahar (Bhind; 31,627) 1,603 0.004 0.18 0.01 Berasia (Bhopal; 27,193) 1,848 0.003 0.15 0.01 Bhopal (Bhopal; 1,605,300) 17 0.196 9.10 0.52 Satai (Chhatarpur; 9,284) 4,165 0.001 0.05 0.00 Maharajpur (Chhatarpur; 24,106) 2,095 0.003 0.14 0.01 Nowgaon (Chhatarpur; 36,972) 1,361 0.005 0.21 0.01 Ghuwara (Chhatarpur; 12,106) 3,627 0.001 0.07 0.00 Khajuraho (Chhatarpur; 21,587) 2,362 0.003 0.12 0.01 Laundi (Chhatarpur; 22,599) 2,250 0.003 0.13 0.01 Bada Malhera (Chhatarpur; 16,840) 2,905 0.002 0.10 0.01 Garhi-Malhara (Chhatarpur; 14,512) 3,208 0.002 0.08 0.00 Rajnagar (Chhatarpur; 13,929) 3,308 0.002 0.08 0.00 Harpalpur (Chhatarpur; 17,252) 2,850 0.002 0.10 0.01 Chhatarpur (Chhatarpur; 111,417) 423 0.014 0.63 0.04 Buxwaha (Chhatarpur; 10,148) 4,017 0.001 0.06 0.00 Barigarh (Chhatarpur; 9,616) 4,105 0.001 0.05 0.00 Bijawar (Chhatarpur; 20,613) 2,470 0.003 0.12 0.01 Chandla (Chhatarpur; 11,427) 3,743 0.001 0.06 0.00 Iklehra (Chhindwara; 10,307) 3,978 0.001 0.06 0.00 Amarwara (Chhindwara; 13,463) 3,380 0.002 0.08 0.00 Jamai (Chhindwara; 25,107) 2,014 0.003 0.14 0.01 Chandameta-Butaria (Chhindwara; 18,962) 2,643 0.002 0.11 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dongar Parasia (Chhindwara; 42,404) 1,215 0.005 0.24 0.01 Kali Chhapar (Chhindwara; 11,970) 3,652 0.001 0.07 0.00 Harrai (Chhindwara; 10,566) 3,927 0.001 0.06 0.00 Sirgora (Chhindwara; 9,499) 4,128 0.001 0.05 0.00 Chaurai Khas (Chhindwara; 12,762) 3,511 0.002 0.07 0.00 Neuton Chikhli Kalan (Chhindwara; 12,147) 3,621 0.001 0.07 0.00 Mohgaon (Chhindwara; 11,072) 3,812 0.001 0.06 0.00 Damua (Chhindwara; 17,752) 2,786 0.002 0.10 0.01 Chhindwara (Chhindwara; 136,932) 334 0.017 0.78 0.04 Sausar (Chhindwara; 27,219) 1,846 0.003 0.15 0.01 Pandhurna (Chhindwara; 45,796) 1,127 0.006 0.26 0.01 Dighawani (Chhindwara; 8,884) 4,241 0.001 0.05 0.00 Badkuhi (Chhindwara; 12,051) 3,641 0.001 0.07 0.00 Lodhikheda (Chhindwara; 10,414) 3,947 0.001 0.06 0.00 Damoh (Damoh; 125,569) 374 0.015 0.71 0.04 Tendu Kheda (Damoh; 12,570) 3,550 0.002 0.07 0.00 Patharia (Damoh; 19,236) 2,609 0.002 0.11 0.01 Hatta (Damoh; 31,916) 1,585 0.004 0.18 0.01 Hindoria (Damoh; 16,151) 2,998 0.002 0.09 0.01 Datia (Datia; 92,634) 528 0.011 0.53 0.03 Indergarh (Datia; 16,341) 2,964 0.002 0.09 0.01 Bhander (Datia; 23,138) 2,209 0.003 0.13 0.01 Seondha (Datia; 21,876) 2,330 0.003 0.12 0.01 Kannod (Dewas; 16,978) 2,887 0.002 0.10 0.01 Khategaon (Dewas; 23,531) 2,161 0.003 0.13 0.01 Karnawad (Dewas; 11,480) 3,730 0.001 0.07 0.00 Kantaphod (Dewas; 10,345) 3,972 0.001 0.06 0.00 Sonkatch (Dewas; 17,401) 2,832 0.002 0.10 0.01 Hatpipalya (Dewas; 17,842) 2,776 0.002 0.10 0.01 Bhaurasa (Dewas; 11,649) 3,703 0.001 0.07 0.00 Loharda (Dewas; 9,070) 4,201 0.001 0.05 0.00 Satwas (Dewas; 12,224) 3,608 0.001 0.07 0.00 Bagli (Dewas; 11,332) 3,760 0.001 0.06 0.00 Dewas (Dewas; 258,234) 156 0.032 1.46 0.08 Manawar (Dhar; 28,504) 1,771 0.003 0.16 0.01 Bagh (Dhar; 8,301) 4,340 0.001 0.05 0.00 Kukshi (Dhar; 27,224) 1,845 0.003 0.15 0.01 Dhamnod (Dhar; 29,411) 1,720 0.004 0.17 0.01 Pithampur (Dhar; 76,187) 670 0.009 0.43 0.02 Badnawar (Dhar; 19,868) 2,540 0.002 0.11 0.01 Dharampuri (Dhar; 14,811) 3,166 0.002 0.08 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mandav (Dhar; 9,567) 4,113 0.001 0.05 0.00 Dhar (Dhar; 84,495) 584 0.010 0.48 0.03 Shahpura (Dindori; 10,579) 3,395 0.002 0.08 0.00 Dindori (Dindori; 19,495) 2,577 0.002 0.11 0.01 Khandwa (East Nimar; 192,536) 222 0.024 1.09 0.06 Nepanagar (East Nimar; 35,443) 1,424 0.004 0.20 0.01 Mundi (East Nimar; 11,942) 3,657 0.001 0.07 0.00 Pandhana (East Nimar; 12,314) 3,589 0.002 0.07 0.00 Burhanpur (East Nimar; 217,597) 198 0.027 1.23 0.07 Harsud (East Nimar; 17,766) 2,783 0.002 0.10 0.01 Ashok Nagar (Guna; 64,578) 775 0.008 0.37 0.02 Mungaoli (Guna; 21,872) 2,331 0.003 0.12 0.01 Aron (Guna; 23,768) 2,130 0.003 0.13 0.01 Guna (Guna; 153,527) 300 0.019 0.87 0.05 Raghogarh -Vijaypur (Guna; 55,074) 923 0.007 0.31 0.02 Chanderi (Guna; 31,698) 1,598 0.004 0.18 0.01 Kumbhraj (Guna; 15,673) 3,051 0.002 0.09 0.01 Chachaura-Binaganj (Guna; 19,372) 2,590 0.002 0.11 0.01 Isagarh (Guna; 11,584) 3,716 0.001 0.07 0.00 Morar Cantt. (Gwalior; 43,529) 1,181 0.005 0.25 0.01 Antari (Gwalior; 10,674) 3,908 0.001 0.06 0.00 Gwalior (Gwalior; 925,780) 41 0.113 5.25 0.30 Dabra (Gwalior; 63,440) 789 0.008 0.36 0.02 Bilaua (Gwalior; 12,900) 3,481 0.002 0.07 0.00 Bhitarwar (Gwalior; 17,091) 2,874 0.002 0.10 0.01 Tekanpur (Gwalior; 14,352) 3,240 0.002 0.08 0.00 Khirkiya (Harda; 19,573) 2,569 0.002 0.11 0.01 Timarni (Harda; 21,471) 2,377 0.003 0.12 0.01 Harda (Harda; 69,090) 734 0.008 0.39 0.02 Babai (Hoshangabad; 16,331) 2,966 0.002 0.09 0.01 Itarsi (Hoshangabad; 104,995) 456 0.013 0.60 0.03 Hoshangabad (Hoshangabad; 108,996) 435 0.013 0.62 0.04 Bhilakhedi (Hoshangabad; 12,495) 3,562 0.002 0.07 0.00 Ordinance Factory Itarsi (Hoshangabad; 11,492) 3,728 0.001 0.07 0.00 Pipariya (Hoshangabad; 46,245) 1,116 0.006 0.26 0.02 Seoni Malwa (Hoshangabad; 29,327) 1,727 0.004 0.17 0.01 Sohagpur (Hoshangabad; 24,999) 2,027 0.003 0.14 0.01 Pachmarhi Cantt (Hoshangabad; 12,734) 3,518 0.002 0.07 0.00 Sawer (Indore; 14,718) 3,184 0.002 0.08 0.00 Mhow Cantt. (Indore; 95,188) 508 0.012 0.54 0.03 Runji Gautampura (Indore; 14,802) 3,169 0.002 0.08 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Betma (Indore; 14,027) 3,294 0.002 0.08 0.00 Rau (Indore; 23,337) 2,184 0.003 0.13 0.01 Hatod (Indore; 10,110) 4,023 0.001 0.06 0.00 Depalpur (Indore; 17,017) 2,882 0.002 0.10 0.01 Palda (Indore; 12,157) 3,620 0.001 0.07 0.00 Indore (Indore; 1,788,421) 15 0.218 10.14 0.58 Mhowgaon (Indore; 22,974) 2,221 0.003 0.13 0.01 O.F.Khamaria (Jabalpur; 16,297) 2,975 0.002 0.09 0.01 Jabalpur (Jabalpur; 1,065,221) 31 0.130 6.04 0.35 Jabalpur Cantt. (Jabalpur; 74,430) 687 0.009 0.42 0.02 Patan (Jabalpur; 14,795) 3,172 0.002 0.08 0.00 G.C.F Jabalpur (Jabalpur; 17,100) 2,873 0.002 0.10 0.01 Panagar (Jabalpur; 28,149) 1,795 0.003 0.16 0.01 Bilpura (Jabalpur; 13,224) 3,422 0.002 0.07 0.00 Katangi (Jabalpur; 19,118) 2,626 0.002 0.11 0.01 Sihora (Jabalpur; 42,417) 1,214 0.005 0.24 0.01 Suhagi (Jabalpur; 9,372) 4,152 0.001 0.05 0.00 Majholi (Jabalpur; 12,660) 3,537 0.002 0.07 0.00 Barela (Jabalpur; 12,174) 3,617 0.001 0.07 0.00 Manegaon (Jabalpur; 10,271) 3,989 0.001 0.06 0.00 Vehicle Fac. Jabalpur (Jabalpur; 13,385) 3,397 0.002 0.08 0.00 Petlawad (Jhabua; 13,904) 3,314 0.002 0.08 0.00 Thandla (Jhabua; 14,202) 3,264 0.002 0.08 0.00 Alirajpur (Jhabua; 28,169) 1,791 0.003 0.16 0.01 Jobat (Jhabua; 11,185) 3,788 0.001 0.06 0.00 Meghnagar (Jhabua; 11,549) 3,719 0.001 0.07 0.00 Ranapur (Jhabua; 11,886) 3,669 0.001 0.07 0.00 Jhabua (Jhabua; 34,233) 1,482 0.004 0.19 0.01 Bhavra (Jhabua; 10,370) 3,961 0.001 0.06 0.00 Murwara (Katni; 209,063) 206 0.026 1.18 0.07 Kymore (Katni; 22,548) 2,257 0.003 0.13 0.01 Barhi (Katni; 12,229) 3,607 0.001 0.07 0.00 Bamhani (Mandla; 10,769) 3,887 0.001 0.06 0.00 Mandla (Mandla; 51,395) 1,000 0.006 0.29 0.02 Nainpur (Mandla; 24,372) 2,069 0.003 0.14 0.01 Sitamau (Mandsaur; 14,430) 3,224 0.002 0.08 0.00 Mandsaur (Mandsaur; 130,409) 354 0.016 0.74 0.04 Piplya Mandi (Mandsaur; 15,341) 3,101 0.002 0.09 0.00 Shamgarh (Mandsaur; 24,020) 2,101 0.003 0.14 0.01 Malhargarh (Mandsaur; 8,228) 4,358 0.001 0.05 0.00 Bhanpura (Mandsaur; 18,465) 2,695 0.002 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Garoth (Mandsaur; 16,310) 2,973 0.002 0.09 0.01 Narayangarh (Mandsaur; 11,284) 3,768 0.001 0.06 0.00 Morena (Morena; 168,930) 263 0.021 0.96 0.05 Porsa (Morena; 37,054) 1,357 0.005 0.21 0.01 Ambah (Morena; 40,800) 1,253 0.005 0.23 0.01 Bamor (Morena; 28,237) 1,786 0.003 0.16 0.01 Kailaras (Morena; 24,552) 2,058 0.003 0.14 0.01 Joura (Morena; 28,564) 1,769 0.003 0.16 0.01 Sabalgarh (Morena; 33,135) 1,537 0.004 0.19 0.01 Jhundpura (Morena; 9,080) 4,200 0.001 0.05 0.00 Narsimhapur (Narsimhapur; 51,634) 993 0.006 0.29 0.02 Gadarwara (Narsimhapur; 42,361) 1,216 0.005 0.24 0.01 Kareli (Narsimhapur; 28,028) 1,799 0.003 0.16 0.01 Chichli (Narsimhapur; 10,356) 3,971 0.001 0.06 0.00 Chhota Chhindwara (Narsimhapur; 26,217) 1,924 0.003 0.15 0.01 Neemuch (Neemuch; 120,348) 392 0.015 0.68 0.04 Rampura (Neemuch; 19,884) 2,536 0.002 0.11 0.01 Jawad (Neemuch; 18,073) 2,748 0.002 0.10 0.01 Jiran (Neemuch; 11,777) 3,688 0.001 0.07 0.00 Manasa (Neemuch; 25,327) 1,993 0.003 0.14 0.01 Singoli (Neemuch; 9,300) 4,160 0.001 0.05 0.00 Amanganj (Panna; 13,003) 3,463 0.002 0.07 0.00 Devendranagar (Panna; 12,775) 3,508 0.002 0.07 0.00 Ajaigarh (Panna; 15,650) 3,053 0.002 0.09 0.01 Pawai (Panna; 13,438) 3,386 0.002 0.08 0.00 Panna (Panna; 51,126) 1,005 0.006 0.29 0.02 Obedullaganj (Raisen; 22,341) 2,282 0.003 0.13 0.01 Baraily (Raisen; 28,231) 1,788 0.003 0.16 0.01 Mandideep (Raisen; 44,668) 1,157 0.005 0.25 0.01 Begamganj (Raisen; 34,217) 1,483 0.004 0.19 0.01 Udaipura (Raisen; 15,439) 3,086 0.002 0.09 0.01 Gairatganj (Raisen; 9,063) 4,203 0.001 0.05 0.00 Raisen (Raisen; 39,804) 1,278 0.005 0.23 0.01 Sultanpur (Raisen; 9,758) 4,078 0.001 0.06 0.00 Badi (Raisen; 18,018) 2,756 0.002 0.10 0.01 Boda (Rajgarh; 9,529) 4,120 0.001 0.05 0.00 Narsinghgarh (Rajgarh; 30,964) 1,634 0.004 0.18 0.01 Khilchipur (Rajgarh; 17,153) 2,867 0.002 0.10 0.01 Khujner (Rajgarh; 10,395) 3,955 0.001 0.06 0.00 Rajgarh (Rajgarh; 26,788) 1,875 0.003 0.15 0.01 Suthaliya (Rajgarh; 8,510) 4,305 0.001 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Machalpur (Rajgarh; 8,827) 4,244 0.001 0.05 0.00 Talen (Rajgarh; 10,186) 4,009 0.001 0.06 0.00 Biaora (Rajgarh; 42,337) 1,218 0.005 0.24 0.01 Sarangpur (Rajgarh; 36,156) 1,389 0.004 0.20 0.01 Jirapur (Rajgarh; 18,825) 2,660 0.002 0.11 0.01 Pachore (Rajgarh; 23,443) 2,173 0.003 0.13 0.01 Tal (Ratlam; 14,636) 3,193 0.002 0.08 0.00 Alot (Ratlam; 24,095) 2,097 0.003 0.14 0.01 Sailana (Ratlam; 12,206) 3,611 0.001 0.07 0.00 Namli (Ratlam; 9,488) 4,132 0.001 0.05 0.00 Jaora (Ratlam; 71,356) 712 0.009 0.40 0.02 Ratlam Rly. Colony (Ratlam; 13,673) 3,353 0.002 0.08 0.00 Badawada (Ratlam; 8,569) 4,293 0.001 0.05 0.00 Ratlam (Ratlam; 247,720) 166 0.030 1.40 0.08 Sirmaur (Rewa; 12,246) 3,605 0.001 0.07 0.00 Teonthar (Rewa; 17,072) 2,877 0.002 0.10 0.01 Semaria (Rewa; 13,799) 3,336 0.002 0.08 0.00 Mangawan (Rewa; 12,938) 3,472 0.002 0.07 0.00 Chakghat (Rewa; 10,191) 4,006 0.001 0.06 0.00 Mauganj (Rewa; 25,737) 1,956 0.003 0.15 0.01 Govindgarh (Rewa; 10,856) 3,868 0.001 0.06 0.00 Nai Garhi (Rewa; 9,815) 4,069 0.001 0.06 0.00 Gurh (Rewa; 13,933) 3,306 0.002 0.08 0.00 Rewa (Rewa; 205,138) 212 0.025 1.16 0.07 Hanumana (Rewa; 16,651) 2,922 0.002 0.09 0.01 Baikunthpur (Rewa; 10,413) 3,948 0.001 0.06 0.00 Banda (Sagar; 29,308) 1,728 0.004 0.17 0.01 Bamora (Sagar; 8,303) 4,339 0.001 0.05 0.00 Khurai (Sagar; 35,699) 1,413 0.004 0.20 0.01 Bina Etawa (Sagar; 57,309) 881 0.007 0.32 0.02 Karrapur (Sagar; 10,395) 3,954 0.001 0.06 0.00 Rehli (Sagar; 29,011) 1,746 0.004 0.16 0.01 Shahgarh (Sagar; 16,329) 2,967 0.002 0.09 0.01 Makronia (Sagar; 16,106) 3,002 0.002 0.09 0.01 Sagar (Sagar; 260,096) 155 0.032 1.47 0.08 Dhana (Sagar; 11,526) 3,721 0.001 0.07 0.00 Garhakota (Sagar; 30,090) 1,679 0.004 0.17 0.01 Rahatgarh (Sagar; 28,232) 1,787 0.003 0.16 0.01 Rajakhedi (Sagar; 21,297) 2,397 0.003 0.12 0.01 Sagar Cantt. (Sagar; 40,161) 1,268 0.005 0.23 0.01 Birsinghpur (Satna; 13,809) 3,332 0.002 0.08 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jaitwara (Satna; 9,967) 4,044 0.001 0.06 0.00 Satna (Satna; 252,424) 161 0.031 1.43 0.08 Kothi (Satna; 8,632) 4,279 0.001 0.05 0.00 Nagod (Satna; 21,802) 2,339 0.003 0.12 0.01 Chitrakoot (Satna; 24,959) 2,031 0.003 0.14 0.01 Amarpatan (Satna; 18,322) 2,709 0.002 0.10 0.01 Rampur Baghelan (Satna; 12,668) 3,536 0.002 0.07 0.00 Maihar (Satna; 38,453) 1,313 0.005 0.22 0.01 Unchehara (Satna; 18,654) 2,678 0.002 0.11 0.01 Nasrullaganj (Sehore; 19,301) 2,601 0.002 0.11 0.01 Rehti (Sehore; 10,906) 3,853 0.001 0.06 0.00 Budhni (Sehore; 15,519) 3,074 0.002 0.09 0.01 Ashta (Sehore; 44,528) 1,160 0.005 0.25 0.01 Ichhawar (Sehore; 14,205) 3,263 0.002 0.08 0.00 Sehore (Sehore; 101,801) 470 0.012 0.58 0.03 Barghat (Seoni; 11,671) 3,699 0.001 0.07 0.00 Lakhnadon (Seoni; 16,058) 3,008 0.002 0.09 0.01 Seoni (Seoni; 100,535) 482 0.012 0.57 0.03 Anuppur (Shahdol; 18,357) 2,705 0.002 0.10 0.01 Kotma (Shahdol; 31,889) 1,586 0.004 0.18 0.01 Amlai (Shahdol; 33,914) 1,496 0.004 0.19 0.01 Jaisinghnagar (Shahdol; 8,276) 4,349 0.001 0.05 0.00 Pasan (Shahdol; 33,101) 1,538 0.004 0.19 0.01 Beohari (Shahdol; 22,406) 2,271 0.003 0.13 0.01 Bangawan (Shahdol; 23,196) 2,201 0.003 0.13 0.01 Dumar Kachhar (Shahdol; 10,893) 3,857 0.001 0.06 0.00 Devhara (Shahdol; 12,121) 3,626 0.001 0.07 0.00 Kelhaur (Shahdol; 10,638) 3,917 0.001 0.06 0.00 Bijuri (Shahdol; 31,642) 1,602 0.004 0.18 0.01 Dhanpuri (Shahdol; 49,164) 1,052 0.006 0.28 0.02 Burhar (Shahdol; 19,868) 2,539 0.002 0.11 0.01 Dola (Shahdol; 11,618) 3,710 0.001 0.07 0.00 Khan (Shahdol; 12,248) 3,602 0.001 0.07 0.00 Deori (Shahdol; 6,450) 1,886 0.003 0.15 0.01 Jaithari (Shahdol; 8,733) 4,255 0.001 0.05 0.00 Shahdol (Shahdol; 87,978) 564 0.011 0.50 0.03 Akodia (Shajapur; 11,652) 3,701 0.001 0.07 0.00 Badod (Shajapur; 13,170) 3,435 0.002 0.07 0.00 Shajapur (Shajapur; 56,074) 906 0.007 0.32 0.02 Kanad (Shajapur; 9,684) 4,089 0.001 0.05 0.00 Polay Kalan (Shajapur; 12,146) 3,622 0.001 0.07 0.00 Nalkheda (Shajapur; 15,899) 3,026 0.002 0.09 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Susner (Shajapur; 15,047) 3,140 0.002 0.09 0.00 Soyatkalan (Shajapur; 15,197) 3,116 0.002 0.09 0.00 Agar (Shajapur; 34,932) 1,448 0.004 0.20 0.01 Maksi (Shajapur; 20,591) 2,474 0.003 0.12 0.01 Shujalpur (Shajapur; 47,542) 1,091 0.006 0.27 0.02 Bijeypur (Sheopur; 16,295) 2,976 0.002 0.09 0.01 Badoda (Sheopur; 17,546) 2,813 0.002 0.10 0.01 Sheopur (Sheopur; 61,605) 815 0.008 0.35 0.02 Narwar (Shivpuri; 17,631) 2,799 0.002 0.10 0.01 Khaniyadhana (Shivpuri; 14,101) 3,277 0.002 0.08 0.00 Kolaras (Shivpuri; 17,548) 2,812 0.002 0.10 0.01 Badarwas (Shivpuri; 11,652) 3,700 0.001 0.07 0.00 Pichhore (Shivpuri; 16,678) 2,919 0.002 0.09 0.01 Shivpuri (Shivpuri; 164,417) 271 0.020 0.93 0.05 Karera (Shivpuri; 26,299) 1,916 0.003 0.15 0.01 Singrauli (Sidhi; 207,767) 209 0.025 1.18 0.07 Rampur Naikin (Sidhi; 11,085) 3,809 0.001 0.06 0.00 Sidhi (Sidhi; 51,123) 1,006 0.006 0.29 0.02 Churhat (Sidhi; 14,668) 3,190 0.002 0.08 0.00 Badagaon (Tikamgarh; 8,647) 4,276 0.001 0.05 0.00 Prithvipur (Tikamgarh; 25,237) 1,997 0.003 0.14 0.01 Niwari (Tikamgarh; 23,187) 2,202 0.003 0.13 0.01 Jatara (Tikamgarh; 17,457) 2,826 0.002 0.10 0.01 Jeron Khalsa (Tikamgarh; 9,289) 4,164 0.001 0.05 0.00 Tikamgarh (Tikamgarh; 76,770) 664 0.009 0.44 0.02 Kari (Tikamgarh; 9,724) 4,084 0.001 0.06 0.00 Baldeogarh (Tikamgarh; 8,492) 4,309 0.001 0.05 0.00 Khargapur (Tikamgarh; 13,896) 3,316 0.002 0.08 0.00 Lidhorakhas (Tikamgarh; 11,943) 3,656 0.001 0.07 0.00 Orachha (Tikamgarh; 9,515) 4,122 0.001 0.05 0.00 Palera (Tikamgarh; 16,397) 2,955 0.002 0.09 0.01 Khachrod (Ujjain; 33,471) 1,517 0.004 0.19 0.01 Nagda (Ujjain; 108,065) 438 0.013 0.61 0.04 Tarana (Ujjain; 24,020) 2,102 0.003 0.14 0.01 Ujjain (Ujjain; 481,333) 82 0.059 2.73 0.16 Badnagar (Ujjain; 34,651) 1,458 0.004 0.20 0.01 Unhel (Ujjain; 15,623) 3,057 0.002 0.09 0.01 Mahidpur (Ujjain; 31,437) 1,609 0.004 0.18 0.01 Nowrozaba (Umaria; 25,079) 2,016 0.003 0.14 0.01 Umaria (Umaria; 30,045) 1,681 0.004 0.17 0.01 Chandia (Umaria; 14,337) 3,243 0.002 0.08 0.00 Pali (Umaria; 23,363) 2,183 0.003 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Madhya Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sironj (Vidisha; 47,133) 1,102 0.006 0.27 0.02 Kurwai (Vidisha; 15,379) 3,098 0.002 0.09 0.00 Basoda (Vidisha; 69,813) 727 0.009 0.40 0.02 Vidisha (Vidisha; 140,456) 325 0.017 0.80 0.05 Lateri (Vidisha; 15,749) 3,040 0.002 0.09 0.01 Sanawad (West Nimar; 38,211) 1,320 0.005 0.22 0.01 Khargone (West Nimar; 96,778) 496 0.012 0.55 0.03 Maheshwar (West Nimar; 21,995) 2,318 0.003 0.12 0.01 Kasrawad (West Nimar; 21,311) 2,392 0.003 0.12 0.01 Bhikangaon (West Nimar; 16,006) 3,014 0.002 0.09 0.01 Barwaha (West Nimar; 27,893) 1,805 0.003 0.16 0.01 Mandleshwar (West Nimar; 12,701) 3,528 0.002 0.07 0.00 Others (N/A; 229,572) 30,000 0.028 1.30 0.07 Total 2.154 100.00 5.73 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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23 MAHARASHTRA 23.1 LATENT DEMAND BY YEAR - MAHARASHTRA

The Latent Demand for Depilatories in Maharashtra: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 3.229 13.81 2005 3.541 13.77 2006 3.885 13.73 2007 4.261 13.69 2008 4.672 13.64 2009 5.108 13.60 2010 5.583 13.55 2011 6.101 13.51 2012 6.668 13.46 2013 7.287 13.40 2014 7.964 13.35 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Maharashtra - Top Cities: Depilatories in 2009

Greater Mumbai

Pune

Nagpur

Thane

Others

The Latent Demand for Depilatories in India and Maharashtra: 2009

MaharashtraIndia

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23.2 CITIES SORTED BY RANK - MAHARASHTRA Maharashtra - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Greater Mumbai (13,260,463) 1 1.495 29.28 3.98 Pune (2,827,041) 10 0.319 6.24 0.85 Nagpur (2,283,074) 13 0.257 5.04 0.69 Thane (1,404,041) 21 0.158 3.10 0.42 Kalyan-Dombivali (1,328,079) 22 0.150 2.93 0.40 Nashik (1,198,641) 26 0.135 2.65 0.36 Pimpri Chinchwad (1,120,120) 34 0.126 2.47 0.34 Solapur (971,671) 43 0.110 2.15 0.29 Aurangabad (971,259) 44 0.110 2.14 0.29 Navi Mumbai (783,478) 56 0.088 1.73 0.24 Bhiwandi (666,343) 64 0.075 1.47 0.20 Amravati (611,437) 69 0.069 1.35 0.18 Mira-Bhayandar (579,084) 70 0.065 1.28 0.17 Kolhapur (539,998) 77 0.061 1.19 0.16 Ulhasnagar (526,375) 80 0.059 1.16 0.16 Sangli-Miraj & Kupwad (485,970) 86 0.055 1.07 0.15 Nanded-Waghala (479,246) 88 0.054 1.06 0.14 Malegaon (455,419) 95 0.051 1.01 0.14 Akola (445,167) 97 0.050 0.98 0.13 Jalgaon (410,220) 102 0.046 0.91 0.12 Dhule (380,052) 111 0.043 0.84 0.11 Ahmadnagar (342,191) 126 0.039 0.76 0.10 Latur (333,702) 130 0.038 0.74 0.10 Chandrapur (331,236) 133 0.037 0.73 0.10 Parbhani (288,451) 152 0.033 0.64 0.09 Ichalkaranji (286,672) 153 0.032 0.63 0.09 Jalna (262,139) 170 0.030 0.58 0.08 Ambarnath (226,819) 205 0.026 0.50 0.07 Nala Sopara (205,527) 227 0.023 0.45 0.06 Bhusawal (191,840) 246 0.022 0.42 0.06 Bid (153,692) 319 0.017 0.34 0.05 Yavatmal (136,792) 371 0.015 0.30 0.04 Gondiya (134,535) 379 0.015 0.30 0.04 Virar (132,383) 386 0.015 0.29 0.04 Navghar-Manikpur (129,885) 395 0.015 0.29 0.04 Wardha (123,618) 413 0.014 0.27 0.04 Satara (120,249) 424 0.014 0.27 0.04 Achalpur (119,427) 429 0.013 0.26 0.04 Barshi (116,625) 440 0.013 0.26 0.04 Panvel (115,784) 445 0.013 0.26 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Badlapur (108,979) 479 0.012 0.24 0.03 Nandurbar (105,026) 495 0.012 0.23 0.03 Hinganghat (102,756) 510 0.012 0.23 0.03 Udgir (102,292) 513 0.012 0.23 0.03 Amalner (101,789) 517 0.011 0.22 0.03 Pandharpur (101,705) 518 0.011 0.22 0.03 Chalisgaon (101,386) 521 0.011 0.22 0.03 Ballarpur (100,162) 531 0.011 0.22 0.03 Khamgaon (98,688) 541 0.011 0.22 0.03 Parli (98,510) 542 0.011 0.22 0.03 Bhandara (94,641) 565 0.011 0.21 0.03 Kamptee (93,869) 568 0.011 0.21 0.03 Shrirampur (90,452) 593 0.010 0.20 0.03 Akot (89,924) 596 0.010 0.20 0.03 Osmanabad (89,719) 599 0.010 0.20 0.03 Kirkee (85,263) 637 0.010 0.19 0.03 Manmad (80,593) 686 0.009 0.18 0.02 Ratnagiri (78,281) 703 0.009 0.17 0.02 Hingoli (77,410) 709 0.009 0.17 0.02 Ambejogai (77,104) 714 0.009 0.17 0.02 Pusad (74,739) 735 0.008 0.17 0.02 Buldana (70,094) 771 0.008 0.15 0.02 Washim (69,965) 774 0.008 0.15 0.02 Sangamner (68,958) 785 0.008 0.15 0.02 Shirpur-Warwade (68,657) 791 0.008 0.15 0.02 Malkapur (67,908) 800 0.008 0.15 0.02 Chopda (67,741) 804 0.008 0.15 0.02 Karanja (66,955) 812 0.008 0.15 0.02 Kopargaon (66,774) 814 0.008 0.15 0.02 Khopoli (65,284) 833 0.007 0.14 0.02 Uran Islampur (64,920) 838 0.007 0.14 0.02 Basmath (63,840) 849 0.007 0.14 0.02 Bhadravati (63,082) 861 0.007 0.14 0.02 Karad (62,493) 868 0.007 0.14 0.02 Lonavala (61,937) 883 0.007 0.14 0.02 Wani (58,781) 937 0.007 0.13 0.02 Palghar (58,653) 941 0.007 0.13 0.02 Shegaon (58,340) 944 0.007 0.13 0.02 Baramati (57,143) 966 0.006 0.13 0.02 Anjangaon (56,943) 969 0.006 0.13 0.02 Phaltan (56,537) 983 0.006 0.12 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Deolali (56,336) 986 0.006 0.12 0.02 Shahade (55,312) 1,007 0.006 0.12 0.02 Umred (55,174) 1,011 0.006 0.12 0.02 Vasai (54,921) 1,016 0.006 0.12 0.02 Chikhli (53,884) 1,035 0.006 0.12 0.02 Deglur (53,450) 1,046 0.006 0.12 0.02 Dehu Road (52,199) 1,076 0.006 0.12 0.02 Chiplun (51,434) 1,092 0.006 0.11 0.02 Ozar (50,941) 1,104 0.006 0.11 0.02 Pachora (50,470) 1,110 0.006 0.11 0.02 Dahanu (49,408) 1,130 0.006 0.11 0.01 Manjlegaon (48,937) 1,145 0.006 0.11 0.01 Sillod (48,814) 1,149 0.006 0.11 0.01 Yevla (48,086) 1,162 0.005 0.11 0.01 Jaysingpur (47,919) 1,166 0.005 0.11 0.01 Talegaon Dabhade (47,384) 1,172 0.005 0.10 0.01 Gadchiroli (47,261) 1,179 0.005 0.10 0.01 Dondaicha-Warwade (47,182) 1,180 0.005 0.10 0.01 Warora (47,012) 1,182 0.005 0.10 0.01 Tumsar (46,765) 1,191 0.005 0.10 0.01 Daund (46,642) 1,196 0.005 0.10 0.01 Vita (46,519) 1,199 0.005 0.10 0.01 Warud (45,638) 1,222 0.005 0.10 0.01 Arvi (45,151) 1,233 0.005 0.10 0.01 Gangakhed (44,978) 1,234 0.005 0.10 0.01 Wadi (44,683) 1,240 0.005 0.10 0.01 Sailu (44,357) 1,250 0.005 0.10 0.01 Balapur (43,955) 1,259 0.005 0.10 0.01 Digras (43,594) 1,266 0.005 0.10 0.01 Murtijapur (42,906) 1,283 0.005 0.09 0.01 Akkalkot (42,536) 1,293 0.005 0.09 0.01 Jintur (42,414) 1,297 0.005 0.09 0.01 Mehkar (41,976) 1,306 0.005 0.09 0.01 Nandura (41,703) 1,311 0.005 0.09 0.01 Katol (41,644) 1,312 0.005 0.09 0.01 Vaijapur (41,182) 1,329 0.005 0.09 0.01 Pulgaon (40,630) 1,347 0.005 0.09 0.01 Ahmadpur (39,829) 1,370 0.004 0.09 0.01 Parola (38,732) 1,408 0.004 0.09 0.01 Paithan (38,460) 1,420 0.004 0.08 0.01 Rahuri (38,359) 1,426 0.004 0.08 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kannad (38,295) 1,430 0.004 0.08 0.01 Daryapur Banosa (38,284) 1,431 0.004 0.08 0.01 Umarkhed (37,935) 1,442 0.004 0.08 0.01 Dharangaon (37,416) 1,462 0.004 0.08 0.01 Morshi (37,404) 1,463 0.004 0.08 0.01 Tasgaon (37,212) 1,469 0.004 0.08 0.01 Purna (36,985) 1,485 0.004 0.08 0.01 Ashta (36,940) 1,487 0.004 0.08 0.01 Satana (36,229) 1,518 0.004 0.08 0.01 Pathri (35,612) 1,543 0.004 0.08 0.01 Yawal (35,392) 1,552 0.004 0.08 0.01 Sinnar (35,311) 1,556 0.004 0.08 0.01 Tuljapur (35,297) 1,557 0.004 0.08 0.01 Nilanga (35,237) 1,560 0.004 0.08 0.01 Igatpuri (35,139) 1,564 0.004 0.08 0.01 Digdoh (35,057) 1,569 0.004 0.08 0.01 Brahmapuri (34,725) 1,578 0.004 0.08 0.01 Wai (34,602) 1,581 0.004 0.08 0.01 Ausa (34,350) 1,593 0.004 0.08 0.01 Wadgaon Road (34,264) 1,601 0.004 0.08 0.01 Deolali Pravara (33,761) 1,620 0.004 0.07 0.01 Pen (33,615) 1,626 0.004 0.07 0.01 Umarga (33,593) 1,629 0.004 0.07 0.01 Erandol (33,523) 1,635 0.004 0.07 0.01 Dharmabad (33,318) 1,645 0.004 0.07 0.01 Ghugus (33,301) 1,648 0.004 0.07 0.01 Nawapur (33,264) 1,654 0.004 0.07 0.01 Manwath (32,519) 1,682 0.004 0.07 0.01 Partur (32,211) 1,703 0.004 0.07 0.01 Georai (31,711) 1,730 0.004 0.07 0.01 Hupari (31,418) 1,744 0.004 0.07 0.01 Kabnur (31,412) 1,745 0.004 0.07 0.01 Sangole (31,278) 1,751 0.004 0.07 0.01 Jamkhed (30,819) 1,774 0.003 0.07 0.01 Mangrulpir (30,814) 1,775 0.003 0.07 0.01 Risod (30,628) 1,784 0.003 0.07 0.01 Shirur (30,050) 1,810 0.003 0.07 0.01 Sasvad (29,704) 1,829 0.003 0.07 0.01 Savner (29,640) 1,831 0.003 0.07 0.01 Pandharkaoda (29,568) 1,836 0.003 0.07 0.01 Shrigonda (29,306) 1,858 0.003 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Shirdi (29,126) 1,869 0.003 0.06 0.01 Ambad (29,044) 1,873 0.003 0.06 0.01 Raver (28,881) 1,883 0.003 0.06 0.01 Mukhed (28,866) 1,885 0.003 0.06 0.01 Rajura (28,762) 1,893 0.003 0.06 0.01 Karjat (28,430) 1,919 0.003 0.06 0.01 Gadhinglaj (28,221) 1,936 0.003 0.06 0.01 Talode (27,862) 1,957 0.003 0.06 0.01 Kinwat (27,676) 1,974 0.003 0.06 0.01 Dyane (27,643) 1,976 0.003 0.06 0.01 Desaiganj (27,586) 1,982 0.003 0.06 0.01 Junnar (27,535) 1,985 0.003 0.06 0.01 Deulgaon Raja (27,125) 2,019 0.003 0.06 0.01 Mahad (27,018) 2,032 0.003 0.06 0.01 Kagal (26,461) 2,064 0.003 0.06 0.01 Faizpur (26,366) 2,072 0.003 0.06 0.01 Darwha (25,999) 2,105 0.003 0.06 0.01 Hadgaon (25,964) 2,107 0.003 0.06 0.01 Uran (25,881) 2,114 0.003 0.06 0.01 Nandgaon (25,811) 2,119 0.003 0.06 0.01 Kalamb (25,616) 2,140 0.003 0.06 0.01 Sawantwadi (25,455) 2,163 0.003 0.06 0.01 Pathardi (25,406) 2,168 0.003 0.06 0.01 Kurduvadi (25,346) 2,178 0.003 0.06 0.01 Vadgaon Kasba (25,325) 2,179 0.003 0.06 0.01 Khoni (25,250) 2,188 0.003 0.06 0.01 Pauni (25,134) 2,197 0.003 0.06 0.01 Uchgaon (25,132) 2,198 0.003 0.06 0.01 Tirora (25,072) 2,205 0.003 0.06 0.01 Ramtek (25,061) 2,208 0.003 0.06 0.01 Mul (24,770) 2,228 0.003 0.05 0.01 Gangapur (24,545) 2,244 0.003 0.05 0.01 Karmala (24,411) 2,258 0.003 0.05 0.01 Kanhan (24,307) 2,269 0.003 0.05 0.01 Soyagaon (24,287) 2,270 0.003 0.05 0.01 Mangalvedhe (24,145) 2,286 0.003 0.05 0.01 Chakan (24,123) 2,287 0.003 0.05 0.01 Chandur (24,085) 2,292 0.003 0.05 0.01 Indapur (24,023) 2,297 0.003 0.05 0.01 Narkhed (23,969) 2,304 0.003 0.05 0.01 Karanje Turf Satara (23,932) 2,309 0.003 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dattapur Dhamangaon (23,851) 2,314 0.003 0.05 0.01 Kurundvad (23,734) 2,322 0.003 0.05 0.01 Shendurjana (23,463) 2,353 0.003 0.05 0.01 Kandhar (23,066) 2,393 0.003 0.05 0.01 Kalamnuri (22,957) 2,409 0.003 0.05 0.01 Patur (22,851) 2,416 0.003 0.05 0.01 Mhaswad (22,809) 2,426 0.003 0.05 0.01 Ghoti Budruk (22,487) 2,449 0.003 0.05 0.01 Loha (22,410) 2,456 0.003 0.05 0.01 Lonar (22,351) 2,466 0.003 0.05 0.01 Gokhivare (22,006) 2,502 0.002 0.05 0.01 Alibag (21,693) 2,519 0.002 0.05 0.01 Ghulewadi (21,559) 2,532 0.002 0.05 0.01 Ghatanji (21,533) 2,535 0.002 0.05 0.01 Savda (21,515) 2,537 0.002 0.05 0.01 Roha Ashtami (21,238) 2,564 0.002 0.05 0.01 Umarsara (21,218) 2,567 0.002 0.05 0.01 Rahta Pimplas (21,173) 2,570 0.002 0.05 0.01 Telhara (21,042) 2,584 0.002 0.05 0.01 Mudkhed (20,817) 2,610 0.002 0.05 0.01 Malwan (20,785) 2,617 0.002 0.05 0.01 Chicholi (20,561) 2,640 0.002 0.05 0.01 Dharur (20,423) 2,655 0.002 0.05 0.01 Mahadula (20,307) 2,669 0.002 0.04 0.01 Korochi (20,185) 2,680 0.002 0.04 0.01 Bhor (19,902) 2,702 0.002 0.04 0.01 Rajgurunagar (19,628) 2,741 0.002 0.04 0.01 Chandurbazar (19,627) 2,742 0.002 0.04 0.01 Alandi (19,545) 2,749 0.002 0.04 0.01 Bhum (19,488) 2,758 0.002 0.04 0.01 Durgapur (19,331) 2,772 0.002 0.04 0.01 Kalameshwar (19,189) 2,790 0.002 0.04 0.01 Murum (19,179) 2,792 0.002 0.04 0.01 Tekadi (19,120) 2,797 0.002 0.04 0.01 Wanadongri (19,088) 2,800 0.002 0.04 0.01 Paranda (18,906) 2,824 0.002 0.04 0.01 Bhokardan (18,865) 2,830 0.002 0.04 0.01 Godoli (18,643) 2,858 0.002 0.04 0.01 Rahimatpur (18,408) 2,885 0.002 0.04 0.01 Kodoli (18,265) 2,903 0.002 0.04 0.01 Umri Pragane Balapur (18,099) 2,916 0.002 0.04 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Pasthal (18,014) 2,923 0.002 0.04 0.01 Naldurg (17,800) 2,950 0.002 0.04 0.01 Vashind (17,674) 2,969 0.002 0.04 0.01 Deoli (17,669) 2,971 0.002 0.04 0.01 Murbad (17,611) 2,981 0.002 0.04 0.01 Sindi Turf Hindnagar (17,306) 3,018 0.002 0.04 0.01 Nildoh (17,112) 3,034 0.002 0.04 0.01 Waliv (17,042) 3,041 0.002 0.04 0.01 Kasara Budruk (16,908) 3,058 0.002 0.04 0.01 Shrivardhan (16,903) 3,060 0.002 0.04 0.01 Kon (16,881) 3,064 0.002 0.04 0.01 Kandari (16,871) 3,067 0.002 0.04 0.01 Khapa (16,664) 3,093 0.002 0.04 0.01 Ajra (16,522) 3,108 0.002 0.04 0.00 Shivajinagar (16,464) 3,115 0.002 0.04 0.00 Neral (16,404) 3,123 0.002 0.04 0.00 Budhgaon (16,391) 3,125 0.002 0.04 0.00 Kankavli (16,389) 3,127 0.002 0.04 0.00 Boisar (16,343) 3,134 0.002 0.04 0.00 Kundalwadi (15,977) 3,174 0.002 0.04 0.00 Vada (15,906) 3,188 0.002 0.04 0.00 Sindkhed Raja (15,515) 3,244 0.002 0.03 0.00 Khed (15,372) 3,265 0.002 0.03 0.00 Manchar (15,351) 3,268 0.002 0.03 0.00 Nagardeole (15,264) 3,279 0.002 0.03 0.00 Kudal (15,184) 3,295 0.002 0.03 0.00 Chinchani (14,953) 3,331 0.002 0.03 0.00 Biloli (14,947) 3,334 0.002 0.03 0.00 Panchgani (14,780) 3,357 0.002 0.03 0.00 Sindi (14,527) 3,391 0.002 0.03 0.00 Sonpeth (14,493) 3,396 0.002 0.03 0.00 Karivali (14,394) 3,407 0.002 0.03 0.00 Khuldabad (14,239) 3,442 0.002 0.03 0.00 Mahabaleshwar (14,175) 3,451 0.002 0.03 0.00 Murud (13,969) 3,480 0.002 0.03 0.00 Lasalgaon (13,940) 3,486 0.002 0.03 0.00 Vengurla (13,880) 3,497 0.002 0.03 0.00 Bhagur (13,861) 3,502 0.002 0.03 0.00 Gandhinagar (13,769) 3,521 0.002 0.03 0.00 Lanja (13,665) 3,543 0.002 0.03 0.00 Dudhani (13,518) 3,564 0.002 0.03 0.00 Eklahare (13,367) 3,584 0.002 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Maharashtra - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jejuri (13,356) 3,585 0.002 0.03 0.00 Pachgaon (13,259) 3,604 0.001 0.03 0.00 Shirwal (13,230) 3,609 0.001 0.03 0.00 Sonegaon (13,138) 3,623 0.001 0.03 0.00 Sawari Jawharnagar (13,105) 3,628 0.001 0.03 0.00 Maindargi (13,082) 3,635 0.001 0.03 0.00 Kondumal (13,046) 3,642 0.001 0.03 0.00 Rajur (12,996) 3,650 0.001 0.03 0.00 Patan (12,932) 3,655 0.001 0.03 0.00 Vadgaon (12,642) 3,698 0.001 0.03 0.00 Jawhar (12,572) 3,712 0.001 0.03 0.00 Katai (12,521) 3,718 0.001 0.03 0.00 Peth Umri (12,411) 3,734 0.001 0.03 0.00 Madhavnagar (12,235) 3,765 0.001 0.03 0.00 Singnapur (12,085) 3,794 0.001 0.03 0.00 Taloje Panchnad (12,085) 3,795 0.001 0.03 0.00 Walani (11,927) 3,834 0.001 0.03 0.00 Kherdi (11,912) 3,838 0.001 0.03 0.00 Shelar (11,814) 3,851 0.001 0.03 0.00 Rajapur (11,685) 3,883 0.001 0.03 0.00 Shahapur (11,674) 3,884 0.001 0.03 0.00 Dapoli Camp (11,588) 3,901 0.001 0.03 0.00 Yerkheda (11,538) 3,911 0.001 0.03 0.00 Nagothana (11,317) 3,941 0.001 0.02 0.00 Shivatkar (11,280) 3,946 0.001 0.02 0.00 Trimbak (10,912) 4,027 0.001 0.02 0.00 Khadkale (10,898) 4,029 0.001 0.02 0.00 Nachane (10,279) 4,130 0.001 0.02 0.00 Murgud (10,239) 4,134 0.001 0.02 0.00 Davlameti (9,802) 4,206 0.001 0.02 0.00 Mhasla (9,752) 4,212 0.001 0.02 0.00 Mohpada (9,722) 4,219 0.001 0.02 0.00 Mowad (9,719) 4,221 0.001 0.02 0.00 Kalambe Turf Thane (9,673) 4,230 0.001 0.02 0.00 Kusgaon Budruk (9,535) 4,247 0.001 0.02 0.00 Sillewada (9,464) 4,253 0.001 0.02 0.00 Nimbhore Budruk (9,404) 4,268 0.001 0.02 0.00 Waghapur (9,355) 4,278 0.001 0.02 0.00 Manor (9,288) 4,291 0.001 0.02 0.00 Sandor (9,278) 4,292 0.001 0.02 0.00 Ganeshpur (9,107) 4,319 0.001 0.02 0.00 Pali (9,090) 4,323 0.001 0.02 0.00 Kandri (9,043) 4,333 0.001 0.02 0.00 Tathavade (8,876) 4,364 0.001 0.02 0.00 Others (218,418) 30,000 0.025 0.48 0.07 Total 5.108 100.00 13.60 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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23.3 CITIES SORTED BY DISTRICT - MAHARASHTRA City by District - Maharashtra: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Pathardi (Ahmadnagar; 25,406) 2,168 0.003 0.06 0.01 Shirdi (Ahmadnagar; 29,126) 1,869 0.003 0.06 0.01 Ahmadnagar (Ahmadnagar; 44,453) 126 0.039 0.76 0.10 Shrirampur (Ahmadnagar; 90,452) 593 0.010 0.20 0.03 Ghulewadi (Ahmadnagar; 21,559) 2,532 0.002 0.05 0.01 Jamkhed (Ahmadnagar; 30,819) 1,774 0.003 0.07 0.01 Rahuri (Ahmadnagar; 38,359) 1,426 0.004 0.08 0.01 Rahta Pimplas (Ahmadnagar; 21,173) 2,570 0.002 0.05 0.01 Sangamner (Ahmadnagar; 68,958) 785 0.008 0.15 0.02 Deolali Pravara (Ahmadnagar; 33,761) 1,620 0.004 0.07 0.01 Shrigonda (Ahmadnagar; 29,306) 1,858 0.003 0.06 0.01 Kopargaon (Ahmadnagar; 66,774) 814 0.008 0.15 0.02 Singnapur (Ahmadnagar; 12,085) 3,794 0.001 0.03 0.00 Nagardeole (Ahmadnagar; 15,264) 3,279 0.002 0.03 0.00 Murtijapur (Akola; 42,906) 1,283 0.005 0.09 0.01 Balapur (Akola; 43,955) 1,259 0.005 0.10 0.01 Telhara (Akola; 21,042) 2,584 0.002 0.05 0.01 Patur (Akola; 22,851) 2,416 0.003 0.05 0.01 Akot (Akola; 89,924) 596 0.010 0.20 0.03 Akola (Akola; 445,167) 97 0.050 0.98 0.13 Umri Pragane Balapur (Akola; 18,099) 2,916 0.002 0.04 0.01 Shendurjana (Amravati; 23,463) 2,353 0.003 0.05 0.01 Dattapur Dhamangaon (Amravati; 23,851) 2,314 0.003 0.05 0.01 Morshi (Amravati; 37,404) 1,463 0.004 0.08 0.01 Achalpur (Amravati; 119,427) 429 0.013 0.26 0.04 Chandurbazar (Amravati; 19,627) 2,742 0.002 0.04 0.01 Warud (Amravati; 45,638) 1,222 0.005 0.10 0.01 Amravati (Amravati; 611,437) 69 0.069 1.35 0.18 Daryapur Banosa (Amravati; 38,284) 1,431 0.004 0.08 0.01 Anjangaon (Amravati; 56,943) 969 0.006 0.13 0.02 Khuldabad (Aurangabad; 14,239) 3,442 0.002 0.03 0.00 Aurangabad (Aurangabad; 971,259) 44 0.110 2.14 0.29 Paithan (Aurangabad; 38,460) 1,420 0.004 0.08 0.01 Kannad (Aurangabad; 38,295) 1,430 0.004 0.08 0.01 Vaijapur (Aurangabad; 41,182) 1,329 0.005 0.09 0.01 Sillod (Aurangabad; 48,814) 1,149 0.006 0.11 0.01 Gangapur (Aurangabad; 24,545) 2,244 0.003 0.05 0.01 Pauni (Bhandara; 25,134) 2,197 0.003 0.06 0.01 Sawari Jawharnagar (Bhandara; 13,105) 3,628 0.001 0.03 0.00 Bhandara (Bhandara; 94,641) 565 0.011 0.21 0.03 Ganeshpur (Bhandara; 9,107) 4,319 0.001 0.02 0.00 Tumsar (Bhandara; 46,765) 1,191 0.005 0.10 0.01 Parli (Bid; 98,510) 542 0.011 0.22 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bid (Bid; 153,692) 319 0.017 0.34 0.05 Ambejogai (Bid; 77,104) 714 0.009 0.17 0.02 Georai (Bid; 31,711) 1,730 0.004 0.07 0.01 Dharur (Bid; 20,423) 2,655 0.002 0.05 0.01 Manjlegaon (Bid; 48,937) 1,145 0.006 0.11 0.01 Mehkar (Buldana; 41,976) 1,306 0.005 0.09 0.01 Sindkhed Raja (Buldana; 15,515) 3,244 0.002 0.03 0.00 Deulgaon Raja (Buldana; 27,125) 2,019 0.003 0.06 0.01 Buldana (Buldana; 70,094) 771 0.008 0.15 0.02 Malkapur (Buldana; 67,908) 800 0.008 0.15 0.02 Chikhli (Buldana; 53,884) 1,035 0.006 0.12 0.02 Khamgaon (Buldana; 98,688) 541 0.011 0.22 0.03 Lonar (Buldana; 22,351) 2,466 0.003 0.05 0.01 Nandura (Buldana; 41,703) 1,311 0.005 0.09 0.01 Shegaon (Buldana; 58,340) 944 0.007 0.13 0.02 Durgapur (Chandrapur; 19,331) 2,772 0.002 0.04 0.01 Ghugus (Chandrapur; 33,301) 1,648 0.004 0.07 0.01 Shivajinagar (Chandrapur; 16,464) 3,115 0.002 0.04 0.00 Rajura (Chandrapur; 28,762) 1,893 0.003 0.06 0.01 Chandur (Chandrapur; 24,085) 2,292 0.003 0.05 0.01 Chandrapur (Chandrapur; 331,236) 133 0.037 0.73 0.10 Mul (Chandrapur; 24,770) 2,228 0.003 0.05 0.01 Brahmapuri (Chandrapur; 34,725) 1,578 0.004 0.08 0.01 Bhadravati (Chandrapur; 63,082) 861 0.007 0.14 0.02 Ballarpur (Chandrapur; 100,162) 531 0.011 0.22 0.03 Kondumal (Chandrapur; 13,046) 3,642 0.001 0.03 0.00 Warora (Chandrapur; 47,012) 1,182 0.005 0.10 0.01 Dondaicha-Warwade (Dhule; 47,182) 1,180 0.005 0.10 0.01 Shirpur-Warwade (Dhule; 68,657) 791 0.008 0.15 0.02 Dhule (Dhule; 380,052) 111 0.043 0.84 0.11 Desaiganj (Gadchiroli; 27,586) 1,982 0.003 0.06 0.01 Gadchiroli (Gadchiroli; 47,261) 1,179 0.005 0.10 0.01 Gondiya (Gondiya; 134,535) 379 0.015 0.30 0.04 Tirora (Gondiya; 25,072) 2,205 0.003 0.06 0.01 Hingoli (Hingoli; 77,410) 709 0.009 0.17 0.02 Kalamnuri (Hingoli; 22,957) 2,409 0.003 0.05 0.01 Basmath (Hingoli; 63,840) 849 0.007 0.14 0.02 Savda (Jalgaon; 21,515) 2,537 0.002 0.05 0.01 Dharangaon (Jalgaon; 37,416) 1,462 0.004 0.08 0.01 Bhusawal (Jalgaon; 191,840) 246 0.022 0.42 0.06 Nimbhore Budruk (Jalgaon; 9,404) 4,268 0.001 0.02 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chopda (Jalgaon; 67,741) 804 0.008 0.15 0.02 Erandol (Jalgaon; 33,523) 1,635 0.004 0.07 0.01 Faizpur (Jalgaon; 26,366) 2,072 0.003 0.06 0.01 Chalisgaon (Jalgaon; 101,386) 521 0.011 0.22 0.03 Kandari (Jalgaon; 16,871) 3,067 0.002 0.04 0.01 Amalner (Jalgaon; 101,789) 517 0.011 0.22 0.03 Raver (Jalgaon; 28,881) 1,883 0.003 0.06 0.01 Parola (Jalgaon; 38,732) 1,408 0.004 0.09 0.01 Yawal (Jalgaon; 35,392) 1,552 0.004 0.08 0.01 Pachora (Jalgaon; 50,470) 1,110 0.006 0.11 0.02 Bhokardan (Jalna; 18,865) 2,830 0.002 0.04 0.01 Ambad (Jalna; 29,044) 1,873 0.003 0.06 0.01 Partur (Jalna; 32,211) 1,703 0.004 0.07 0.01 Jalna (Jalna; 262,139) 170 0.030 0.58 0.08 Pachgaon (Kolhapur; 13,259) 3,604 0.001 0.03 0.00 Korochi (Kolhapur; 20,185) 2,680 0.002 0.04 0.01 Gandhinagar (Kolhapur; 13,769) 3,521 0.002 0.03 0.00 Gadhinglaj (Kolhapur; 28,221) 1,936 0.003 0.06 0.01 Uchgaon (Kolhapur; 25,132) 2,198 0.003 0.06 0.01 Kagal (Kolhapur; 26,461) 2,064 0.003 0.06 0.01 Jaysingpur (Kolhapur; 47,919) 1,166 0.005 0.11 0.01 Hupari (Kolhapur; 31,418) 1,744 0.004 0.07 0.01 Kolhapur (Kolhapur; 539,998) 77 0.061 1.19 0.16 Vadgaon Kasba (Kolhapur; 25,325) 2,179 0.003 0.06 0.01 Kalambe Turf Thane (Kolhapur; 9,673) 4,230 0.001 0.02 0.00 Ajra (Kolhapur; 16,522) 3,108 0.002 0.04 0.00 Kabnur (Kolhapur; 31,412) 1,745 0.004 0.07 0.01 Ichalkaranji (Kolhapur; 286,672) 153 0.032 0.63 0.09 Murgud (Kolhapur; 10,239) 4,134 0.001 0.02 0.00 Kurundvad (Kolhapur; 23,734) 2,322 0.003 0.05 0.01 Ahmadpur (Latur; 39,829) 1,370 0.004 0.09 0.01 Udgir (Latur; 102,292) 513 0.012 0.23 0.03 Latur (Latur; 333,702) 130 0.038 0.74 0.10 Nilanga (Latur; 35,237) 1,560 0.004 0.08 0.01 Ausa (Latur; 34,350) 1,593 0.004 0.08 0.01 Greater Mumbai (Mumbai; 13,260,463) 1 1.495 29.28 3.98 Nagpur (Nagpur; 2,283,074) 13 0.257 5.04 0.69 Savner (Nagpur; 29,640) 1,831 0.003 0.07 0.01 Khapa (Nagpur; 16,664) 3,093 0.002 0.04 0.01 Mahadula (Nagpur; 20,307) 2,669 0.002 0.04 0.01 Chicholi (Nagpur; 20,561) 2,640 0.002 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Davlameti (Nagpur; 9,802) 4,206 0.001 0.02 0.00 Narkhed (Nagpur; 23,969) 2,304 0.003 0.05 0.01 Nildoh (Nagpur; 17,112) 3,034 0.002 0.04 0.01 Sillewada (Nagpur; 9,464) 4,253 0.001 0.02 0.00 Sonegaon (Nagpur; 13,138) 3,623 0.001 0.03 0.00 Wanadongri (Nagpur; 19,088) 2,800 0.002 0.04 0.01 Katol (Nagpur; 41,644) 1,312 0.005 0.09 0.01 Wadi (Nagpur; 44,683) 1,240 0.005 0.10 0.01 Walani (Nagpur; 11,927) 3,834 0.001 0.03 0.00 Tekadi (Nagpur; 19,120) 2,797 0.002 0.04 0.01 Digdoh (Nagpur; 35,057) 1,569 0.004 0.08 0.01 Umred (Nagpur; 55,174) 1,011 0.006 0.12 0.02 Kanhan (Nagpur; 24,307) 2,269 0.003 0.05 0.01 Mowad (Nagpur; 9,719) 4,221 0.001 0.02 0.00 Kandri (Nagpur; 9,043) 4,333 0.001 0.02 0.00 Kamptee (Nagpur; 93,869) 568 0.011 0.21 0.03 Yerkheda (Nagpur; 11,538) 3,911 0.001 0.03 0.00 Ramtek (Nagpur; 25,061) 2,208 0.003 0.06 0.01 Kalameshwar (Nagpur; 19,189) 2,790 0.002 0.04 0.01 Kinwat (Nanded; 27,676) 1,974 0.003 0.06 0.01 Kundalwadi (Nanded; 15,977) 3,174 0.002 0.04 0.00 Biloli (Nanded; 14,947) 3,334 0.002 0.03 0.00 Loha (Nanded; 22,410) 2,456 0.003 0.05 0.01 Dharmabad (Nanded; 33,318) 1,645 0.004 0.07 0.01 Hadgaon (Nanded; 25,964) 2,107 0.003 0.06 0.01 Mukhed (Nanded; 28,866) 1,885 0.003 0.06 0.01 Deglur (Nanded; 53,450) 1,046 0.006 0.12 0.02 Peth Umri (Nanded; 12,411) 3,734 0.001 0.03 0.00 Kandhar (Nanded; 23,066) 2,393 0.003 0.05 0.01 Nanded-Waghala (Nanded; 479,246) 88 0.054 1.06 0.14 Mudkhed (Nanded; 20,817) 2,610 0.002 0.05 0.01 Nandurbar (Nandurbar; 105,026) 495 0.012 0.23 0.03 Talode (Nandurbar; 27,862) 1,957 0.003 0.06 0.01 Shahade (Nandurbar; 55,312) 1,007 0.006 0.12 0.02 Nawapur (Nandurbar; 33,264) 1,654 0.004 0.07 0.01 Malegaon (Nashik; 455,419) 95 0.051 1.01 0.14 Manmad (Nashik; 80,593) 686 0.009 0.18 0.02 Nandgaon (Nashik; 25,811) 2,119 0.003 0.06 0.01 Trimbak (Nashik; 10,912) 4,027 0.001 0.02 0.00 Nashik (Nashik; 1,198,641) 26 0.135 2.65 0.36 Ozar (Nashik; 50,941) 1,104 0.006 0.11 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ghoti Budruk (Nashik; 22,487) 2,449 0.003 0.05 0.01 Igatpuri (Nashik; 35,139) 1,564 0.004 0.08 0.01 Satana (Nashik; 36,229) 1,518 0.004 0.08 0.01 Eklahare (Nashik; 13,367) 3,584 0.002 0.03 0.00 Dyane (Nashik; 27,643) 1,976 0.003 0.06 0.01 Bhagur (Nashik; 13,861) 3,502 0.002 0.03 0.00 Yevla (Nashik; 48,086) 1,162 0.005 0.11 0.01 Sinnar (Nashik; 35,311) 1,556 0.004 0.08 0.01 Deolali (Nashik; 56,336) 986 0.006 0.12 0.02 Soyagaon (Nashik; 24,287) 2,270 0.003 0.05 0.01 Lasalgaon (Nashik; 13,940) 3,486 0.002 0.03 0.00 Naldurg (Osmanabad; 17,800) 2,950 0.002 0.04 0.01 Umarga (Osmanabad; 33,593) 1,629 0.004 0.07 0.01 Paranda (Osmanabad; 18,906) 2,824 0.002 0.04 0.01 Murum (Osmanabad; 19,179) 2,792 0.002 0.04 0.01 Tuljapur (Osmanabad; 35,297) 1,557 0.004 0.08 0.01 Osmanabad (Osmanabad; 89,719) 599 0.010 0.20 0.03 Kalamb (Osmanabad; 25,616) 2,140 0.003 0.06 0.01 Bhum (Osmanabad; 19,488) 2,758 0.002 0.04 0.01 Pathri (Parbhani; 35,612) 1,543 0.004 0.08 0.01 Purna (Parbhani; 36,985) 1,485 0.004 0.08 0.01 Sonpeth (Parbhani; 14,493) 3,396 0.002 0.03 0.00 Sailu (Parbhani; 44,357) 1,250 0.005 0.10 0.01 Manwath (Parbhani; 32,519) 1,682 0.004 0.07 0.01 Jintur (Parbhani; 42,414) 1,297 0.005 0.09 0.01 Parbhani (Parbhani; 288,451) 152 0.033 0.64 0.09 Gangakhed (Parbhani; 44,978) 1,234 0.005 0.10 0.01 Shirur (Pune; 30,050) 1,810 0.003 0.07 0.01 Dehu Road (Pune; 52,199) 1,076 0.006 0.12 0.02 Bhor (Pune; 19,902) 2,702 0.002 0.04 0.01 Jejuri (Pune; 13,356) 3,585 0.002 0.03 0.00 Khadkale (Pune; 10,898) 4,029 0.001 0.02 0.00 Shivatkar (Pune; 11,280) 3,946 0.001 0.02 0.00 Rajgurunagar (Pune; 19,628) 2,741 0.002 0.04 0.01 Lonavala (Pune; 61,937) 883 0.007 0.14 0.02 Junnar (Pune; 27,535) 1,985 0.003 0.06 0.01 Kusgaon Budruk (Pune; 9,535) 4,247 0.001 0.02 0.00 Talegaon Dabhade (Pune; 47,384) 1,172 0.005 0.10 0.01 Chakan (Pune; 24,123) 2,287 0.003 0.05 0.01 Baramati (Pune; 57,143) 966 0.006 0.13 0.02 Pune (Pune; 89,251) 10 0.319 6.24 0.85 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Manchar (Pune; 15,351) 3,268 0.002 0.03 0.00 Pimpri Chinchwad (Pune; 1,120,120) 34 0.126 2.47 0.34 Sasvad (Pune; 29,704) 1,829 0.003 0.07 0.01 Daund (Pune; 46,642) 1,196 0.005 0.10 0.01 Alandi (Pune; 19,545) 2,749 0.002 0.04 0.01 Indapur (Pune; 24,023) 2,297 0.003 0.05 0.01 Tathavade (Pune; 8,876) 4,364 0.001 0.02 0.00 Vadgaon (Pune; 12,642) 3,698 0.001 0.03 0.00 Kirkee (Pune; 85,263) 637 0.010 0.19 0.03 Uran (Raigarh; 25,881) 2,114 0.003 0.06 0.01 Karjat (Raigarh; 28,430) 1,919 0.003 0.06 0.01 Mahad (Raigarh; 27,018) 2,032 0.003 0.06 0.01 Alibag (Raigarh; 21,693) 2,519 0.002 0.05 0.01 Khopoli (Raigarh; 65,284) 833 0.007 0.14 0.02 Pen (Raigarh; 33,615) 1,626 0.004 0.07 0.01 Panvel (Raigarh; 115,784) 445 0.013 0.26 0.03 Nagothana (Raigarh; 11,317) 3,941 0.001 0.02 0.00 Navi Mumbai (Raigarh; 91,137) 56 0.088 1.73 0.24 Neral (Raigarh; 16,404) 3,123 0.002 0.04 0.00 Pali (Raigarh; 9,090) 4,323 0.001 0.02 0.00 Mohpada (Raigarh; 9,722) 4,219 0.001 0.02 0.00 Mhasla (Raigarh; 9,752) 4,212 0.001 0.02 0.00 Shrivardhan (Raigarh; 16,903) 3,060 0.002 0.04 0.01 Murud (Raigarh; 13,969) 3,480 0.002 0.03 0.00 Taloje Panchnad (Raigarh; 12,085) 3,795 0.001 0.03 0.00 Roha Ashtami (Raigarh; 21,238) 2,564 0.002 0.05 0.01 Dapoli Camp (Ratnagiri; 11,588) 3,901 0.001 0.03 0.00 Nachane (Ratnagiri; 10,279) 4,130 0.001 0.02 0.00 Chiplun (Ratnagiri; 51,434) 1,092 0.006 0.11 0.02 Kherdi (Ratnagiri; 11,912) 3,838 0.001 0.03 0.00 Jalgaon (Ratnagiri; 6,064) 102 0.046 0.91 0.12 Rajapur (Ratnagiri; 11,685) 3,883 0.001 0.03 0.00 Lanja (Ratnagiri; 13,665) 3,543 0.002 0.03 0.00 Ratnagiri (Ratnagiri; 78,281) 703 0.009 0.17 0.02 Ashta (Sangli; 36,940) 1,487 0.004 0.08 0.01 Tasgaon (Sangli; 37,212) 1,469 0.004 0.08 0.01 Sangli-Miraj & Kupwad (Sangli; 485,970) 86 0.055 1.07 0.15 Vita (Sangli; 46,519) 1,199 0.005 0.10 0.01 Madhavnagar (Sangli; 12,235) 3,765 0.001 0.03 0.00 Budhgaon (Sangli; 16,391) 3,125 0.002 0.04 0.00 Uran Islampur (Sangli; 64,920) 838 0.007 0.14 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Phaltan (Satara; 56,537) 983 0.006 0.12 0.02 Wai (Satara; 34,602) 1,581 0.004 0.08 0.01 Godoli (Satara; 18,643) 2,858 0.002 0.04 0.01 Mhaswad (Satara; 22,809) 2,426 0.003 0.05 0.01 Mahabaleshwar (Satara; 14,175) 3,451 0.002 0.03 0.00 Rahimatpur (Satara; 18,408) 2,885 0.002 0.04 0.01 Karanje Turf Satara (Satara; 23,932) 2,309 0.003 0.05 0.01 Panchgani (Satara; 14,780) 3,357 0.002 0.03 0.00 Kodoli (Satara; 18,265) 2,903 0.002 0.04 0.01 Khed (Satara; 7,676) 3,265 0.002 0.03 0.00 Patan (Satara; 12,932) 3,655 0.001 0.03 0.00 Satara (Satara; 120,249) 424 0.014 0.27 0.04 Karad (Satara; 62,493) 868 0.007 0.14 0.02 Shirwal (Satara; 13,230) 3,609 0.001 0.03 0.00 Kudal (Sindhudurg; 15,184) 3,295 0.002 0.03 0.00 Kankavli (Sindhudurg; 16,389) 3,127 0.002 0.04 0.00 Malwan (Sindhudurg; 20,785) 2,617 0.002 0.05 0.01 Sawantwadi (Sindhudurg; 25,455) 2,163 0.003 0.06 0.01 Vengurla (Sindhudurg; 13,880) 3,497 0.002 0.03 0.00 Karmala (Solapur; 24,411) 2,258 0.003 0.05 0.01 Sangole (Solapur; 31,278) 1,751 0.004 0.07 0.01 Pandharpur (Solapur; 101,705) 518 0.011 0.22 0.03 Kurduvadi (Solapur; 25,346) 2,178 0.003 0.06 0.01 Solapur (Solapur; 971,671) 43 0.110 2.15 0.29 Akkalkot (Solapur; 42,536) 1,293 0.005 0.09 0.01 Maindargi (Solapur; 13,082) 3,635 0.001 0.03 0.00 Mangalvedhe (Solapur; 24,145) 2,286 0.003 0.05 0.01 Dudhani (Solapur; 13,518) 3,564 0.002 0.03 0.00 Barshi (Solapur; 116,625) 440 0.013 0.26 0.04 Virar (Thane; 132,383) 386 0.015 0.29 0.04 Ulhasnagar (Thane; 526,375) 80 0.059 1.16 0.16 Boisar (Thane; 16,343) 3,134 0.002 0.04 0.00 Kon (Thane; 16,881) 3,064 0.002 0.04 0.01 Vasai (Thane; 54,921) 1,016 0.006 0.12 0.02 Manor (Thane; 9,288) 4,291 0.001 0.02 0.00 Khoni (Thane; 25,250) 2,188 0.003 0.06 0.01 Pasthal (Thane; 18,014) 2,923 0.002 0.04 0.01 Jawhar (Thane; 12,572) 3,712 0.001 0.03 0.00 Mira-Bhayandar (Thane; 579,084) 70 0.065 1.28 0.17 Bhiwandi (Thane; 666,343) 64 0.075 1.47 0.20 Murbad (Thane; 17,611) 2,981 0.002 0.04 0.01 Vashind (Thane; 17,674) 2,969 0.002 0.04 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Maharashtra: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Karivali (Thane; 14,394) 3,407 0.002 0.03 0.00 Sandor (Thane; 9,278) 4,292 0.001 0.02 0.00 Shelar (Thane; 11,814) 3,851 0.001 0.03 0.00 Waliv (Thane; 17,042) 3,041 0.002 0.04 0.01 Palghar (Thane; 58,653) 941 0.007 0.13 0.02 Ambarnath (Thane; 226,819) 205 0.026 0.50 0.07 Gokhivare (Thane; 22,006) 2,502 0.002 0.05 0.01 Vada (Thane; 15,906) 3,188 0.002 0.04 0.00 Navghar-Manikpur (Thane; 129,885) 395 0.015 0.29 0.04 Thane (Thane; 1,404,041) 21 0.158 3.10 0.42 Nala Sopara (Thane; 205,527) 227 0.023 0.45 0.06 Dahanu (Thane; 49,408) 1,130 0.006 0.11 0.01 Kasara Budruk (Thane; 16,908) 3,058 0.002 0.04 0.01 Katai (Thane; 12,521) 3,718 0.001 0.03 0.00 Chinchani (Thane; 14,953) 3,331 0.002 0.03 0.00 Badlapur (Thane; 108,979) 479 0.012 0.24 0.03 Kalyan-Dombivali (Thane; 1,328,079) 22 0.150 2.93 0.40 Shahapur (Thane; 11,674) 3,884 0.001 0.03 0.00 Arvi (Wardha; 45,151) 1,233 0.005 0.10 0.01 Hinganghat (Wardha; 102,756) 510 0.012 0.23 0.03 Sindi (Wardha; 14,527) 3,391 0.002 0.03 0.00 Wardha (Wardha; 123,618) 413 0.014 0.27 0.04 Sindi Turf Hindnagar (Wardha; 17,306) 3,018 0.002 0.04 0.01 Deoli (Wardha; 17,669) 2,971 0.002 0.04 0.01 Pulgaon (Wardha; 40,630) 1,347 0.005 0.09 0.01 Mangrulpir (Washim; 30,814) 1,775 0.003 0.07 0.01 Risod (Washim; 30,628) 1,784 0.003 0.07 0.01 Karanja (Washim; 66,955) 812 0.008 0.15 0.02 Washim (Washim; 69,965) 774 0.008 0.15 0.02 Rajur (Yavatmal; 12,996) 3,650 0.001 0.03 0.00 Wadgaon Road (Yavatmal; 34,264) 1,601 0.004 0.08 0.01 Yavatmal (Yavatmal; 136,792) 371 0.015 0.30 0.04 Pandharkaoda (Yavatmal; 29,568) 1,836 0.003 0.07 0.01 Wani (Yavatmal; 58,781) 937 0.007 0.13 0.02 Waghapur (Yavatmal; 9,355) 4,278 0.001 0.02 0.00 Umarsara (Yavatmal; 21,218) 2,567 0.002 0.05 0.01 Digras (Yavatmal; 43,594) 1,266 0.005 0.10 0.01 Darwha (Yavatmal; 25,999) 2,105 0.003 0.06 0.01 Ghatanji (Yavatmal; 21,533) 2,535 0.002 0.05 0.01 Umarkhed (Yavatmal; 37,935) 1,442 0.004 0.08 0.01 Pusad (Yavatmal; 74,739) 735 0.008 0.17 0.02 Others (N/A; 218,418) 30,000 0.025 0.48 0.07 Total 5.108 100.00 13.60 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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24 MANIPUR 24.1 LATENT DEMAND BY YEAR - MANIPUR

The Latent Demand for Depilatories in Manipur: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.038 0.16 2005 0.041 0.16 2006 0.045 0.16 2007 0.049 0.16 2008 0.053 0.16 2009 0.058 0.15 2010 0.063 0.15 2011 0.068 0.15 2012 0.074 0.15 2013 0.080 0.15 2014 0.087 0.15 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Manipur - Top Cities: Depilatories in 2009

Imphal

Thoubal

Kakching

Mayang Imphal

Others

The Latent Demand for Depilatories in India and Manipur: 2009

ManipurIndia

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24.2 CITIES SORTED BY RANK - MANIPUR Manipur - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Imphal (251,972) 231 0.023 39.28 0.06 Thoubal (47,720) 1,437 0.004 7.44 0.01 Kakching (33,337) 2,056 0.003 5.20 0.01 Mayang Imphal (23,815) 2,811 0.002 3.71 0.01 Lilong (23,503) 2,841 0.002 3.66 0.01 Nambol (21,010) 3,079 0.002 3.28 0.01 Moirang (19,348) 3,253 0.002 3.02 0.00 Moreh (17,349) 3,505 0.002 2.70 0.00 Samurou (16,505) 3,619 0.001 2.57 0.00 Thongkhong Laxmi Bazar (14,820) 3,849 0.001 2.31 0.00 Ningthoukhong (12,114) 4,232 0.001 1.89 0.00 Bishnupur (11,254) 4,345 0.001 1.75 0.00 Others (148,680) 30,000 0.013 23.18 0.04 Total 0.058 100.00 0.15 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

24.3 CITIES SORTED BY DISTRICT - MANIPUR City by District - Manipur: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ningthoukhong (Bishnupur; 12,114) 4,232 0.001 1.89 0.00 Nambol (Bishnupur; 21,010) 3,079 0.002 3.28 0.01 Moirang (Bishnupur; 19,348) 3,253 0.002 3.02 0.00 Bishnupur (Bishnupur; 11,254) 4,345 0.001 1.75 0.00 Moreh (Chandel; 17,349) 3,505 0.002 2.70 0.00 Thongkhong Laxmi Bazar (Imphal West; 14,820) 3,849 0.001 2.31 0.00 Mayang Imphal (Imphal West; 23,815) 2,811 0.002 3.71 0.01 Imphal (Imphal West; 251,972) 231 0.023 39.28 0.06 Thoubal (Thoubal; 47,720) 1,437 0.004 7.44 0.01 Samurou (Thoubal; 16,505) 3,619 0.001 2.57 0.00 Lilong (Thoubal; 23,503) 2,841 0.002 3.66 0.01 Kakching (Thoubal; 33,337) 2,056 0.003 5.20 0.01 Others (N/A; 148,680) 30,000 0.013 23.18 0.04 Total 0.058 100.00 0.15 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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25 MEGHALAYA 25.1 LATENT DEMAND BY YEAR - MEGHALAYA

The Latent Demand for Depilatories in Meghalaya: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.046 0.20 2005 0.050 0.19 2006 0.054 0.19 2007 0.058 0.19 2008 0.063 0.18 2009 0.068 0.18 2010 0.074 0.18 2011 0.080 0.18 2012 0.087 0.17 2013 0.094 0.17 2014 0.101 0.17 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Meghalaya - Top Cities: Depilatories in 2009

Shillong

Tura

Mawlai Nongthymmai

Others

The Latent Demand for Depilatories in India and Meghalaya: 2009

MeghalayaIndia

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25.2 CITIES SORTED BY RANK - MEGHALAYA Meghalaya - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Shillong (153,196) 272 0.020 29.36 0.05 Tura (67,320) 705 0.009 12.90 0.02 Mawlai (44,089) 1,099 0.006 8.45 0.02 Nongthymmai (39,440) 1,220 0.005 7.56 0.01 Jawai (28,850) 1,637 0.004 5.53 0.01 Pynthorumkhrah (25,489) 1,834 0.003 4.88 0.01 Nongstoin (25,368) 1,847 0.003 4.86 0.01 Williamnagar (21,042) 2,254 0.003 4.03 0.01 Resubelpara (20,351) 2,335 0.003 3.90 0.01 Madanrting (19,254) 2,463 0.003 3.69 0.01 Nongpoh (15,178) 2,977 0.002 2.91 0.01 Shillong Cantt. (14,279) 3,105 0.002 2.74 0.00 Mairang (13,278) 3,259 0.002 2.54 0.00 Nongmynsong (13,099) 3,289 0.002 2.51 0.00 Cherapunjee (11,628) 3,565 0.002 2.23 0.00 Baghmara (9,965) 3,903 0.001 1.91 0.00 Total 0.068 100.00 0.18 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

25.3 CITIES SORTED BY DISTRICT - MEGHALAYA City by District - Meghalaya: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Resubelpara (East Garo Hills; 20,351) 2,335 0.003 3.90 0.01 Williamnagar (East Garo Hills; 21,042) 2,254 0.003 4.03 0.01 Nongmynsong (East Khasi Hills; 13,099) 3,289 0.002 2.51 0.00 Cherapunjee (East Khasi Hills; 11,628) 3,565 0.002 2.23 0.00 Shillong Cantt. (East Khasi Hills; 14,279) 3,105 0.002 2.74 0.00 Shillong (East Khasi Hills; 153,196) 272 0.020 29.36 0.05 Pynthorumkhrah (East Khasi Hills; 25,489) 1,834 0.003 4.88 0.01 Nongthymmai (East Khasi Hills; 39,440) 1,220 0.005 7.56 0.01 Madanrting (East Khasi Hills; 19,254) 2,463 0.003 3.69 0.01 Mawlai (East Khasi Hills; 44,089) 1,099 0.006 8.45 0.02 Jawai (Jaintia Hills; 28,850) 1,637 0.004 5.53 0.01 Nongpoh (Ri Bhoi; 15,178) 2,977 0.002 2.91 0.01 Baghmara (South Garo Hills; 9,965) 3,903 0.001 1.91 0.00 Tura (West Garo Hills; 67,320) 705 0.009 12.90 0.02 Mairang (West Khasi Hills; 13,278) 3,259 0.002 2.54 0.00 Nongstoin (West Khasi Hills; 25,368) 1,847 0.003 4.86 0.01 Total 0.068 100.00 0.18 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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26 MIZORAM 26.1 LATENT DEMAND BY YEAR - MIZORAM

The Latent Demand for Depilatories in Mizoram: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.025 0.11 2005 0.028 0.11 2006 0.031 0.11 2007 0.034 0.11 2008 0.038 0.11 2009 0.042 0.11 2010 0.046 0.11 2011 0.051 0.11 2012 0.056 0.11 2013 0.061 0.11 2014 0.068 0.11 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Mizoram - Top Cities: Depilatories in 2009

Aizawl

Lunglei Champhai

Saiha

Others

The Latent Demand for Depilatories in India and Mizoram: 2009

MizoramIndia

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26.2 CITIES SORTED BY RANK - MIZORAM Mizoram - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Aizawl (260,221) 243 0.022 52.08 0.06 Lunglei (53,644) 1,366 0.004 10.74 0.01 Champhai (29,940) 2,475 0.003 5.99 0.01 Saiha (22,351) 3,100 0.002 4.47 0.00 Kolasib (21,356) 3,189 0.002 4.27 0.00 Serchhip (20,600) 3,270 0.002 4.12 0.00 Others (91,500) 30,000 0.008 18.31 0.02 Total 0.042 100.00 0.11 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

26.3 CITIES SORTED BY DISTRICT - MIZORAM City by District - Mizoram: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Aizawl (Aizawl; 260,221) 243 0.022 52.08 0.06 Champhai (Champhai; 29,940) 2,475 0.003 5.99 0.01 Kolasib (Kolasib; 21,356) 3,189 0.002 4.27 0.00 Lunglei (Lunglei; 53,644) 1,366 0.004 10.74 0.01 Saiha (Saiha; 22,351) 3,100 0.002 4.47 0.00 Serchhip (Serchhip; 20,600) 3,270 0.002 4.12 0.00 Others (N/A; 91,500) 30,000 0.008 18.31 0.02 Total 0.042 100.00 0.11 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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27 NAGALAND 27.1 LATENT DEMAND BY YEAR - NAGALAND

The Latent Demand for Depilatories in Nagaland: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.054 0.23 2005 0.059 0.23 2006 0.065 0.23 2007 0.071 0.23 2008 0.078 0.23 2009 0.085 0.23 2010 0.093 0.23 2011 0.102 0.23 2012 0.111 0.22 2013 0.122 0.22 2014 0.133 0.22 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Nagaland - Top Cities: Depilatories in 2009

Dimapur

Kohima

Wokha

Mokokchung

Others

The Latent Demand for Depilatories in India and Nagaland: 2009

NagalandIndia

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27.2 CITIES SORTED BY RANK - NAGALAND Nagaland - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dimapur (142,265) 203 0.026 30.44 0.07 Kohima (104,112) 292 0.019 22.27 0.05 Wokha (49,942) 685 0.009 10.68 0.02 Mokokchung (41,341) 811 0.008 8.84 0.02 Tuensang (39,287) 855 0.007 8.40 0.02 Zunheboto (30,219) 1,144 0.006 6.46 0.01 Chumukedima (21,873) 1,550 0.004 4.68 0.01 Mon (21,355) 1,582 0.004 4.57 0.01 Phek (17,042) 1,978 0.003 3.65 0.01 Total 0.085 100.00 0.23 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

27.3 CITIES SORTED BY DISTRICT - NAGALAND City by District - Nagaland: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dimapur (Dimapur; 142,265) 203 0.026 30.44 0.07 Chumukedima (Dimapur; 21,873) 1,550 0.004 4.68 0.01 Kohima (Kohima; 104,112) 292 0.019 22.27 0.05 Mokokchung (Mokokchung; 41,341) 811 0.008 8.84 0.02 Mon (Mon; 21,355) 1,582 0.004 4.57 0.01 Phek (Phek; 17,042) 1,978 0.003 3.65 0.01 Tuensang (Tuensang; 39,287) 855 0.007 8.40 0.02 Wokha (Wokha; 49,942) 685 0.009 10.68 0.02 Zunheboto (Zunheboto; 30,219) 1,144 0.006 6.46 0.01 Total 0.085 100.00 0.23 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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28 ORISSA 28.1 LATENT DEMAND BY YEAR - ORISSA

The Latent Demand for Depilatories in Orissa: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.580 2.48 2005 0.660 2.57 2006 0.750 2.65 2007 0.853 2.74 2008 0.968 2.83 2009 1.090 2.90 2010 1.227 2.98 2011 1.380 3.05 2012 1.553 3.13 2013 1.747 3.21 2014 1.965 3.29 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Orissa - Top Cities: Depilatories in 2009

Bhubaneswar

Cuttack

Brahmapur

Raurkela

Others

The Latent Demand for Depilatories in India and Orissa: 2009

OrissaIndia

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28.2 CITIES SORTED BY RANK - ORISSA Orissa - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bhubaneswar (695,329) 29 0.131 12.01 0.35 Cuttack (574,844) 45 0.108 9.93 0.29 Brahmapur (311,220) 83 0.059 5.38 0.16 Raurkela (241,265) 104 0.045 4.17 0.12 Raurkela Industrialship (221,892) 113 0.042 3.83 0.11 Puri (169,304) 154 0.032 2.92 0.08 Sambalpur (165,602) 159 0.031 2.86 0.08 Baleshwar (113,899) 249 0.021 1.97 0.06 Baripada (101,992) 287 0.019 1.76 0.05 Bhadrak (99,252) 301 0.019 1.71 0.05 Balangir (91,525) 324 0.017 1.58 0.05 Brajarajnagar (82,650) 363 0.016 1.43 0.04 Jeypur (82,240) 368 0.015 1.42 0.04 Jharsuguda (81,177) 376 0.015 1.40 0.04 Paradip (79,096) 387 0.015 1.37 0.04 Bargarh (68,374) 452 0.013 1.18 0.03 Bhawanipatna (65,252) 478 0.012 1.13 0.03 Sunabeda (62,998) 493 0.012 1.09 0.03 Rayagada (62,015) 504 0.012 1.07 0.03 Dhenkanal (61,928) 507 0.012 1.07 0.03 Jatani (58,597) 547 0.011 1.01 0.03 Barbil (56,488) 567 0.011 0.98 0.03 Kendujhar (55,678) 575 0.010 0.96 0.03 Rajagangapur (47,170) 697 0.009 0.81 0.02 Parlakhemundi (46,181) 713 0.009 0.80 0.02 Choudwar (45,757) 720 0.009 0.79 0.02 Kendrapara (44,476) 737 0.008 0.77 0.02 Koraput (42,455) 762 0.008 0.73 0.02 Burla (42,096) 768 0.008 0.73 0.02 Khordha (41,930) 773 0.008 0.72 0.02 Joda (41,540) 781 0.008 0.72 0.02 Sundargarh (41,251) 787 0.008 0.71 0.02 Anugul (40,843) 796 0.008 0.71 0.02 Byasanagar (40,399) 805 0.008 0.70 0.02 Anandapur (37,643) 865 0.007 0.65 0.02 Talcher (37,580) 866 0.007 0.65 0.02 Phulabani (36,401) 905 0.007 0.63 0.02 Belpahar (35,241) 934 0.007 0.61 0.02 Pattamundai (35,152) 940 0.007 0.61 0.02 Jajapur (34,599) 955 0.007 0.60 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Orissa - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jagatsinghapur (32,965) 1,015 0.006 0.57 0.02 Basudebpur (32,224) 1,037 0.006 0.56 0.02 Biramitrapur (31,618) 1,062 0.006 0.55 0.02 Remuna (31,107) 1,080 0.006 0.54 0.02 Nabarangapur (30,051) 1,115 0.006 0.52 0.02 Soro (29,855) 1,119 0.006 0.52 0.01 Titlagarh (29,815) 1,123 0.006 0.52 0.01 Hirakud (28,356) 1,173 0.005 0.49 0.01 Umarkote (26,697) 1,243 0.005 0.46 0.01 Malkangiri (24,825) 1,316 0.005 0.43 0.01 Rairangpur (23,291) 1,405 0.004 0.40 0.01 Karanjia (23,009) 1,421 0.004 0.40 0.01 Jaleswar (22,968) 1,425 0.004 0.40 0.01 Hinjilicut (22,928) 1,429 0.004 0.40 0.01 Gunupur (22,769) 1,439 0.004 0.39 0.01 Asika (22,255) 1,474 0.004 0.38 0.01 Chhatrapur (21,793) 1,509 0.004 0.38 0.01 Bhuban (21,628) 1,521 0.004 0.37 0.01 Kantabanji (21,581) 1,526 0.004 0.37 0.01 Debagarh (21,575) 1,527 0.004 0.37 0.01 Bhanjanagar (21,161) 1,553 0.004 0.37 0.01 Polasara (21,018) 1,565 0.004 0.36 0.01 Barapali (20,575) 1,592 0.004 0.36 0.01 Chandili (20,075) 1,632 0.004 0.35 0.01 Patnagarh (20,071) 1,633 0.004 0.35 0.01 Deracolliery Township (19,962) 1,644 0.004 0.34 0.01 Dhamanagar (19,932) 1,651 0.004 0.34 0.01 1,689 0.004 0.33 0.01 Baudhgarh (19,331) 1,695 0.004 0.33 0.01 Sonapur (18,836) 1,739 0.004 0.33 0.01 Nimapada (18,169) 1,797 0.003 0.31 0.01 Kesinga (18,169) 1,798 0.003 0.31 0.01 Khariar Road (17,861) 1,822 0.003 0.31 0.01 Banapur (17,657) 1,843 0.003 0.31 0.01 Kavisuryanagar (17,286) 1,884 0.003 0.30 0.01 Banki (17,173) 1,903 0.003 0.30 0.01 Athagad (17,026) 1,917 0.003 0.29 0.01 Balugaon (16,998) 1,923 0.003 0.29 0.01 Junagarh (16,928) 1,931 0.003 0.29 0.01 Ghantapada (16,743) 1,952 0.003 0.29 0.01 Padmapur (16,583) 1,973 0.003 0.29 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Orissa - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Konark (16,129) 2,038 0.003 0.28 0.01 Kamakshyanagar (16,115) 2,039 0.003 0.28 0.01 Kotpad (16,021) 2,049 0.003 0.28 0.01 Nilagiri (15,839) 2,065 0.003 0.27 0.01 Surada (15,734) 2,081 0.003 0.27 0.01 Binika (15,616) 2,098 0.003 0.27 0.01 Nayagarh (15,373) 2,133 0.003 0.27 0.01 Pipili (15,321) 2,145 0.003 0.26 0.01 Purusottampur (15,306) 2,151 0.003 0.26 0.01 Redhakhol (14,740) 2,235 0.003 0.25 0.01 Kochinda (14,592) 2,264 0.003 0.25 0.01 Khariar (14,396) 2,295 0.003 0.25 0.01 Buguda (14,236) 2,319 0.003 0.25 0.01 Kodala (13,257) 2,484 0.002 0.23 0.01 Pratapsasan (12,858) 2,542 0.002 0.22 0.01 Jalda (12,844) 2,543 0.002 0.22 0.01 Balagoda (12,708) 2,565 0.002 0.22 0.01 Udala (12,581) 2,586 0.002 0.22 0.01 Balimela (12,353) 2,630 0.002 0.21 0.01 Athmallik (12,228) 2,653 0.002 0.21 0.01 Ganjam (12,151) 2,670 0.002 0.21 0.01 Khalikote (11,772) 2,738 0.002 0.20 0.01 Digapahandi (11,696) 2,750 0.002 0.20 0.01 Chikiti (11,602) 2,764 0.002 0.20 0.01 Rambha (11,510) 2,785 0.002 0.20 0.01 Panposh (10,986) 2,893 0.002 0.19 0.01 G. Udayagiri (10,963) 2,898 0.002 0.19 0.01 Bellaguntha (10,700) 2,940 0.002 0.18 0.01 Kashinagara (10,508) 2,991 0.002 0.18 0.01 Hatibandha (9,986) 3,092 0.002 0.17 0.01 Khandapada (9,404) 3,209 0.002 0.16 0.00 Kantilo (9,374) 3,217 0.002 0.16 0.00 Damanjodi (9,104) 3,291 0.002 0.16 0.00 Champua (8,927) 3,340 0.002 0.15 0.00 Rengali Dam Projectship (8,717) 3,383 0.002 0.15 0.00 Tarbha (8,586) 3,417 0.002 0.15 0.00 Nuapatna (8,428) 3,462 0.002 0.15 0.00 Bishama Katek (7,957) 3,597 0.001 0.14 0.00 Fertilzer Corporation of India (7,583) 3,696 0.001 0.13 0.00 Lattikata (7,408) 3,742 0.001 0.13 0.00 Mukhiguda (7,368) 3,752 0.001 0.13 0.00 Gudari (7,351) 3,758 0.001 0.13 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Orissa - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gopalpur (7,154) 3,823 0.001 0.12 0.00 Talcher Thermal Power Station (7,107) 3,844 0.001 0.12 0.00 Khatiguda (6,873) 3,922 0.001 0.12 0.00 Dungamal (6,666) 3,984 0.001 0.12 0.00 Jhumpura (5,656) 4,258 0.001 0.10 0.00 Chandapur (5,650) 4,260 0.001 0.10 0.00 Khaliapali (5,647) 4,262 0.001 0.10 0.00 Charibatia (5,620) 4,271 0.001 0.10 0.00 Bangura (5,551) 4,294 0.001 0.10 0.00 Makundapur (5,343) 4,355 0.001 0.09 0.00 Others (21,159) 30,000 0.004 0.37 0.01 Total 1.090 100.00 2.90 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

28.3 CITIES SORTED BY DISTRICT - ORISSA City by District - Orissa: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ 1,689 0.004 0.33 0.01 Deracolliery Township (Anugul; 19,962) 1,644 0.004 0.34 0.01 Fertilzer Corporation of India (Anugul; 7,583) 3,696 0.001 0.13 0.00 Rengali Dam Projectship (Anugul; 8,717) 3,383 0.002 0.15 0.00 Athmallik (Anugul; 12,228) 2,653 0.002 0.21 0.01 Ghantapada (Anugul; 16,743) 1,952 0.003 0.29 0.01 Talcher (Anugul; 37,580) 866 0.007 0.65 0.02 Talcher Thermal Power Station (Anugul; 7,107) 3,844 0.001 0.12 0.00 Anugul (Anugul; 40,843) 796 0.008 0.71 0.02 Kantabanji (Balangir; 21,581) 1,526 0.004 0.37 0.01 Patnagarh (Balangir; 20,071) 1,633 0.004 0.35 0.01 Titlagarh (Balangir; 29,815) 1,123 0.006 0.52 0.01 Balangir (Balangir; 91,525) 324 0.017 1.58 0.05 Remuna (Baleshwar; 31,107) 1,080 0.006 0.54 0.02 Baleshwar (Baleshwar; 113,899) 249 0.021 1.97 0.06 Soro (Baleshwar; 29,855) 1,119 0.006 0.52 0.01 Jaleswar (Baleshwar; 22,968) 1,425 0.004 0.40 0.01 Nilagiri (Baleshwar; 15,839) 2,065 0.003 0.27 0.01 Padmapur (Bargarh; 16,583) 1,973 0.003 0.29 0.01 Bargarh (Bargarh; 68,374) 452 0.013 1.18 0.03 Barapali (Bargarh; 20,575) 1,592 0.004 0.36 0.01 Khaliapali (Bargarh; 5,647) 4,262 0.001 0.10 0.00 Baudhgarh (Baudh; 19,331) 1,695 0.004 0.33 0.01 Bhadrak (Bhadrak; 99,252) 301 0.019 1.71 0.05 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Orissa: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dhamanagar (Bhadrak; 19,932) 1,651 0.004 0.34 0.01 Basudebpur (Bhadrak; 32,224) 1,037 0.006 0.56 0.02 Nuapatna (Cuttack; 8,428) 3,462 0.002 0.15 0.00 Charibatia (Cuttack; 5,620) 4,271 0.001 0.10 0.00 Athagad (Cuttack; 17,026) 1,917 0.003 0.29 0.01 Banki (Cuttack; 17,173) 1,903 0.003 0.30 0.01 Choudwar (Cuttack; 45,757) 720 0.009 0.79 0.02 Cuttack (Cuttack; 574,844) 45 0.108 9.93 0.29 Debagarh (Debagarh; 21,575) 1,527 0.004 0.37 0.01 Kamakshyanagar (Dhenkanal; 16,115) 2,039 0.003 0.28 0.01 Dhenkanal (Dhenkanal; 61,928) 507 0.012 1.07 0.03 Bhuban (Dhenkanal; 21,628) 1,521 0.004 0.37 0.01 Kashinagara (Gajapati; 10,508) 2,991 0.002 0.18 0.01 Parlakhemundi (Gajapati; 46,181) 713 0.009 0.80 0.02 Rambha (Ganjam; 11,510) 2,785 0.002 0.20 0.01 Bhanjanagar (Ganjam; 21,161) 1,553 0.004 0.37 0.01 Purusottampur (Ganjam; 15,306) 2,151 0.003 0.26 0.01 Bellaguntha (Ganjam; 10,700) 2,940 0.002 0.18 0.01 Digapahandi (Ganjam; 11,696) 2,750 0.002 0.20 0.01 Kavisuryanagar (Ganjam; 17,286) 1,884 0.003 0.30 0.01 Kodala (Ganjam; 13,257) 2,484 0.002 0.23 0.01 Ganjam (Ganjam; 12,151) 2,670 0.002 0.21 0.01 Polasara (Ganjam; 21,018) 1,565 0.004 0.36 0.01 Surada (Ganjam; 15,734) 2,081 0.003 0.27 0.01 Asika (Ganjam; 22,255) 1,474 0.004 0.38 0.01 Khalikote (Ganjam; 11,772) 2,738 0.002 0.20 0.01 Hinjilicut (Ganjam; 22,928) 1,429 0.004 0.40 0.01 Gopalpur (Ganjam; 7,154) 3,823 0.001 0.12 0.00 Brahmapur (Ganjam; 311,220) 83 0.059 5.38 0.16 Makundapur (Ganjam; 5,343) 4,355 0.001 0.09 0.00 Chikiti (Ganjam; 11,602) 2,764 0.002 0.20 0.01 Chhatrapur (Ganjam; 21,793) 1,509 0.004 0.38 0.01 Buguda (Ganjam; 14,236) 2,319 0.003 0.25 0.01 Paradip (Jagatsinghapur; 79,096) 387 0.015 1.37 0.04 Jagatsinghapur (Jagatsinghapur; 32,965) 1,015 0.006 0.57 0.02 Byasanagar (Jajapur; 40,399) 805 0.008 0.70 0.02 Jajapur (Jajapur; 34,599) 955 0.007 0.60 0.02 Brajarajnagar (Jharsuguda; 82,650) 363 0.016 1.43 0.04 Jharsuguda (Jharsuguda; 81,177) 376 0.015 1.40 0.04 Belpahar (Jharsuguda; 35,241) 934 0.007 0.61 0.02 Bhawanipatna (Kalahandi; 65,252) 478 0.012 1.13 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Orissa: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mukhiguda (Kalahandi; 7,368) 3,752 0.001 0.13 0.00 Kesinga (Kalahandi; 18,169) 1,798 0.003 0.31 0.01 Junagarh (Kalahandi; 16,928) 1,931 0.003 0.29 0.01 G. Udayagiri (Kandhamal; 10,963) 2,898 0.002 0.19 0.01 Phulabani (Kandhamal; 36,401) 905 0.007 0.63 0.02 Pattamundai (Kendrapara; 35,152) 940 0.007 0.61 0.02 Kendrapara (Kendrapara; 44,476) 737 0.008 0.77 0.02 Kendujhar (Kendujhar; 55,678) 575 0.010 0.96 0.03 Barbil (Kendujhar; 56,488) 567 0.011 0.98 0.03 Jhumpura (Kendujhar; 5,656) 4,258 0.001 0.10 0.00 Bangura (Kendujhar; 5,551) 4,294 0.001 0.10 0.00 Champua (Kendujhar; 8,927) 3,340 0.002 0.15 0.00 Balagoda (Kendujhar; 12,708) 2,565 0.002 0.22 0.01 Anandapur (Kendujhar; 37,643) 865 0.007 0.65 0.02 Joda (Kendujhar; 41,540) 781 0.008 0.72 0.02 Jatani (Khordha; 58,597) 547 0.011 1.01 0.03 Balugaon (Khordha; 16,998) 1,923 0.003 0.29 0.01 Pratapsasan (Khordha; 12,858) 2,542 0.002 0.22 0.01 Banapur (Khordha; 17,657) 1,843 0.003 0.31 0.01 Dungamal (Khordha; 6,666) 3,984 0.001 0.12 0.00 Khordha (Khordha; 41,930) 773 0.008 0.72 0.02 Bhubaneswar (Khordha; 695,329) 29 0.131 12.01 0.35 Kotpad (Koraput; 16,021) 2,049 0.003 0.28 0.01 Damanjodi (Koraput; 9,104) 3,291 0.002 0.16 0.00 Jeypur (Koraput; 82,240) 368 0.015 1.42 0.04 Sunabeda (Koraput; 62,998) 493 0.012 1.09 0.03 Koraput (Koraput; 42,455) 762 0.008 0.73 0.02 Balimela (Malkangiri; 12,353) 2,630 0.002 0.21 0.01 Malkangiri (Malkangiri; 24,825) 1,316 0.005 0.43 0.01 Udala (Mayurbhanj; 12,581) 2,586 0.002 0.22 0.01 Baripada (Mayurbhanj; 101,992) 287 0.019 1.76 0.05 Karanjia (Mayurbhanj; 23,009) 1,421 0.004 0.40 0.01 Rairangpur (Mayurbhanj; 23,291) 1,405 0.004 0.40 0.01 Khatiguda (Nabarangapur; 6,873) 3,922 0.001 0.12 0.00 Umarkote (Nabarangapur; 26,697) 1,243 0.005 0.46 0.01 Nabarangapur (Nabarangapur; 30,051) 1,115 0.006 0.52 0.02 Chandapur (Nayagarh; 5,650) 4,260 0.001 0.10 0.00 Khandapada (Nayagarh; 9,404) 3,209 0.002 0.16 0.00 Kantilo (Nayagarh; 9,374) 3,217 0.002 0.16 0.00 Nayagarh (Nayagarh; 15,373) 2,133 0.003 0.27 0.01 Khariar Road (Nuapada; 17,861) 1,822 0.003 0.31 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Orissa: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Khariar (Nuapada; 14,396) 2,295 0.003 0.25 0.01 Pipili (Puri; 15,321) 2,145 0.003 0.26 0.01 Nimapada (Puri; 18,169) 1,797 0.003 0.31 0.01 Konark (Puri; 16,129) 2,038 0.003 0.28 0.01 Puri (Puri; 169,304) 154 0.032 2.92 0.08 Rayagada (Rayagada; 62,015) 504 0.012 1.07 0.03 Gudari (Rayagada; 7,351) 3,758 0.001 0.13 0.00 Gunupur (Rayagada; 22,769) 1,439 0.004 0.39 0.01 Bishama Katek (Rayagada; 7,957) 3,597 0.001 0.14 0.00 Chandili (Rayagada; 20,075) 1,632 0.004 0.35 0.01 Burla (Sambalpur; 42,096) 768 0.008 0.73 0.02 Sambalpur (Sambalpur; 165,602) 159 0.031 2.86 0.08 Redhakhol (Sambalpur; 14,740) 2,235 0.003 0.25 0.01 Hirakud (Sambalpur; 28,356) 1,173 0.005 0.49 0.01 Kochinda (Sambalpur; 14,592) 2,264 0.003 0.25 0.01 Tarbha (Sonapur; 8,586) 3,417 0.002 0.15 0.00 Binika (Sonapur; 15,616) 2,098 0.003 0.27 0.01 Sonapur (Sonapur; 18,836) 1,739 0.004 0.33 0.01 Rajagangapur (Sundargarh; 47,170) 697 0.009 0.81 0.02 Sundargarh (Sundargarh; 41,251) 787 0.008 0.71 0.02 Panposh (Sundargarh; 10,986) 2,893 0.002 0.19 0.01 Jalda (Sundargarh; 12,844) 2,543 0.002 0.22 0.01 Raurkela Industrialship (Sundargarh; 221,892) 113 0.042 3.83 0.11 Biramitrapur (Sundargarh; 31,618) 1,062 0.006 0.55 0.02 Hatibandha (Sundargarh; 9,986) 3,092 0.002 0.17 0.01 Lattikata (Sundargarh; 7,408) 3,742 0.001 0.13 0.00 Raurkela (Sundargarh; 241,265) 104 0.045 4.17 0.12 Others (N/A; 21,159) 30,000 0.004 0.37 0.01 Total 1.090 100.00 2.90 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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29 PONDICHERRY 29.1 LATENT DEMAND BY YEAR - PONDICHERRY

The Latent Demand for Depilatories in Pondicherry: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.060 0.26 2005 0.067 0.26 2006 0.074 0.26 2007 0.082 0.26 2008 0.090 0.26 2009 0.099 0.26 2010 0.109 0.27 2011 0.120 0.27 2012 0.132 0.27 2013 0.145 0.27 2014 0.160 0.27 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Pondicherry - Top Cities: Depilatories in 2009

Pondicherry

Ozhukarai Karaikal

Mahe

Others

The Latent Demand for Depilatories in India and Pondicherry: 2009

PondicherryIndia

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29.2 CITIES SORTED BY RANK - PONDICHERRY Pondicherry - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Pondicherry (241,376) 134 0.037 37.52 0.10 Ozhukarai (237,958) 137 0.037 36.99 0.10 Karaikal (81,279) 464 0.013 12.64 0.03 Mahe (40,264) 1,013 0.006 6.26 0.02 Yanam (34,293) 1,184 0.005 5.33 0.01 Kurumbapet (8,105) 3,996 0.001 1.26 0.00 Total 0.099 100.00 0.26 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

29.3 CITIES SORTED BY DISTRICT - PONDICHERRY City by District - Pondicherry: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Karaikal (Karaikal; 81,279) 464 0.013 12.64 0.03 Mahe (Mahe; 40,264) 1,013 0.006 6.26 0.02 Ozhukarai (Pondicherry; 237,958) 137 0.037 36.99 0.10 Kurumbapet (Pondicherry; 8,105) 3,996 0.001 1.26 0.00 Pondicherry (Pondicherry; 241,376) 134 0.037 37.52 0.10 Yanam (Yanam; 34,293) 1,184 0.005 5.33 0.01 Total 0.099 100.00 0.26 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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30 PUNJAB 30.1 LATENT DEMAND BY YEAR - PUNJAB

The Latent Demand for Depilatories in Punjab: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.737 3.15 2005 0.796 3.10 2006 0.860 3.04 2007 0.928 2.98 2008 1.002 2.93 2009 1.081 2.88 2010 1.166 2.83 2011 1.258 2.78 2012 1.357 2.74 2013 1.464 2.69 2014 1.579 2.65 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Punjab - Top Cities: Depilatories in 2009

Ludhiana

Amritsar

Jalandhar

Patiala

Others

The Latent Demand for Depilatories in India and Punjab: 2009

PunjabIndia

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30.2 CITIES SORTED BY RANK - PUNJAB Punjab - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ludhiana (1,543,535) 18 0.186 17.23 0.50 Amritsar (1,079,543) 30 0.130 12.05 0.35 Jalandhar (775,858) 50 0.094 8.66 0.25 Patiala (335,106) 117 0.040 3.74 0.11 Bathinda (240,527) 174 0.029 2.68 0.08 Pathankot (176,542) 252 0.021 1.97 0.06 Hoshiarpur (164,021) 279 0.020 1.83 0.05 Batala (140,126) 330 0.017 1.56 0.05 Moga (137,888) 336 0.017 1.54 0.04 Abohar (137,533) 337 0.017 1.54 0.04 S.A.S. Nagar (136,406) 342 0.016 1.52 0.04 Malerkotla (118,169) 405 0.014 1.32 0.04 Khanna (114,028) 417 0.014 1.27 0.04 Barnala (106,657) 453 0.013 1.19 0.03 Phagwara (105,804) 459 0.013 1.18 0.03 Fiozpur (105,610) 462 0.013 1.18 0.03 Kapurthala (93,340) 532 0.011 1.04 0.03 Muktsar (91,944) 545 0.011 1.03 0.03 Rajpura (91,337) 549 0.011 1.02 0.03 Kot Kapura (89,335) 562 0.011 1.00 0.03 Sangrur (87,095) 574 0.011 0.97 0.03 Mansa (80,336) 631 0.010 0.90 0.03 Faridkot (79,648) 638 0.010 0.89 0.03 Malout (78,510) 650 0.009 0.88 0.03 Gurdaspur (74,635) 690 0.009 0.83 0.02 Fazilka (74,600) 691 0.009 0.83 0.02 Nabha (68,547) 741 0.008 0.77 0.02 Jagraon (66,503) 758 0.008 0.74 0.02 Firozpur Cantt. (63,529) 798 0.008 0.71 0.02 Tarn Taran (61,503) 822 0.007 0.69 0.02 Gobindgarh (61,314) 828 0.007 0.68 0.02 Sunam (56,455) 909 0.007 0.63 0.02 Sirhind -Fategarh (56,194) 916 0.007 0.63 0.02 Dhuri (54,536) 942 0.007 0.61 0.02 Rupnagar (53,291) 967 0.006 0.59 0.02 Samana (51,459) 1,014 0.006 0.57 0.02 Rampura Phul (47,378) 1,107 0.006 0.53 0.02 Nangal (44,970) 1,161 0.005 0.50 0.01 Jalandhar Cantt. (44,834) 1,164 0.005 0.50 0.01 Kharar (43,605) 1,195 0.005 0.49 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Punjab - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gidderbaha (40,488) 1,273 0.005 0.45 0.01 Patti (38,097) 1,346 0.005 0.43 0.01 Jaitu (36,399) 1,402 0.004 0.41 0.01 Nakodar (34,766) 1,470 0.004 0.39 0.01 Zira (34,687) 1,478 0.004 0.39 0.01 Nawanshahr (34,225) 1,501 0.004 0.38 0.01 Ahmedgarh (30,988) 1,657 0.004 0.35 0.01 Jalalabad (30,920) 1,661 0.004 0.35 0.01 Maur (30,461) 1,677 0.004 0.34 0.01 Kartarpur (27,829) 1,826 0.003 0.31 0.01 Zirakpur (27,668) 1,832 0.003 0.31 0.01 Raikot (27,371) 1,861 0.003 0.31 0.01 Jandiala (26,365) 1,937 0.003 0.29 0.01 Budhlada (26,000) 1,966 0.003 0.29 0.01 Kurali (25,491) 2,006 0.003 0.28 0.01 Talwara (24,983) 2,051 0.003 0.28 0.01 Phillaur (24,594) 2,075 0.003 0.27 0.01 Pattran (24,530) 2,083 0.003 0.27 0.01 Urmar Tanda (24,469) 2,086 0.003 0.27 0.01 Morinda (24,107) 2,120 0.003 0.27 0.01 Sujanpur (24,057) 2,126 0.003 0.27 0.01 Bagha Purana (23,918) 2,144 0.003 0.27 0.01 Dina Nagar (23,782) 2,164 0.003 0.27 0.01 Mukerian (23,654) 2,182 0.003 0.26 0.01 Qadian (23,044) 2,233 0.003 0.26 0.01 Karoran (22,517) 2,290 0.003 0.25 0.01 Longowal (22,426) 2,300 0.003 0.25 0.01 Dasua (22,259) 2,316 0.003 0.25 0.01 Raman (21,630) 2,384 0.003 0.24 0.01 Lehragaga (21,365) 2,413 0.003 0.24 0.01 Daroha (20,995) 2,452 0.003 0.23 0.01 Banga (20,903) 2,460 0.003 0.23 0.01 Tappa (20,897) 2,461 0.003 0.23 0.01 Dhariwal (20,697) 2,481 0.002 0.23 0.01 Ajnala (20,582) 2,497 0.002 0.23 0.01 Bassi Pathana (20,521) 2,504 0.002 0.23 0.01 Dhanaula (20,355) 2,512 0.002 0.23 0.01 Machhiwara (20,317) 2,514 0.002 0.23 0.01 Balachaur (20,033) 2,545 0.002 0.22 0.01 Sanaur (19,847) 2,563 0.002 0.22 0.01 Bhawanigarh (19,672) 2,582 0.002 0.22 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Punjab - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Samrala (19,484) 2,605 0.002 0.22 0.01 Sahnewal (19,084) 2,654 0.002 0.21 0.01 Bhadaur (18,608) 2,699 0.002 0.21 0.01 Jugial (18,438) 2,723 0.002 0.21 0.01 Adampur (18,389) 2,734 0.002 0.21 0.01 Sardulgarh (18,051) 2,775 0.002 0.20 0.01 Fatehgarh Churian (17,569) 2,834 0.002 0.20 0.01 Dera Bassi (17,360) 2,865 0.002 0.19 0.01 Sultanpur Lodhi (17,319) 2,871 0.002 0.19 0.01 Dharamkot (17,038) 2,904 0.002 0.19 0.01 Hussainpur (16,976) 2,912 0.002 0.19 0.01 Goraya (16,749) 2,936 0.002 0.19 0.01 Garhshanker (16,701) 2,939 0.002 0.19 0.01 Bhikhi (16,683) 2,944 0.002 0.19 0.01 Banaur (16,602) 2,952 0.002 0.19 0.01 Moonak (16,517) 2,968 0.002 0.18 0.01 Baretta (16,466) 2,978 0.002 0.18 0.01 Mullanpur Dakha (16,162) 3,020 0.002 0.18 0.01 Talwandi Bhai (16,121) 3,023 0.002 0.18 0.01 Guru Har Sahai (15,875) 3,048 0.002 0.18 0.01 Bhogpur (15,372) 3,117 0.002 0.17 0.00 Anandpur Sahib (15,364) 3,120 0.002 0.17 0.00 Bhucho Mandi (14,586) 3,225 0.002 0.16 0.00 Dirba (14,464) 3,248 0.002 0.16 0.00 Majitha (14,390) 3,261 0.002 0.16 0.00 Kalanaur (14,290) 3,273 0.002 0.16 0.00 Goniana (14,176) 3,298 0.002 0.16 0.00 Amloh (14,036) 3,321 0.002 0.16 0.00 Shahkot (13,975) 3,329 0.002 0.16 0.00 Noor Mahal (13,974) 3,330 0.002 0.16 0.00 Rayya (13,963) 3,335 0.002 0.16 0.00 Makhu (13,469) 3,404 0.002 0.15 0.00 Rajasansi (13,422) 3,413 0.002 0.15 0.00 Rahon (13,328) 3,434 0.002 0.15 0.00 Khem Karan (13,209) 3,454 0.002 0.15 0.00 Amritsar Cantt. (12,503) 3,581 0.002 0.14 0.00 Khanauri (12,145) 3,649 0.001 0.14 0.00 Bhikhiwind (11,362) 3,776 0.001 0.13 0.00 Nehon (11,239) 3,806 0.001 0.13 0.00 Bhulath (11,152) 3,830 0.001 0.12 0.00 Mahilpur (11,085) 3,846 0.001 0.12 0.00 Handiaya (10,760) 3,918 0.001 0.12 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Punjab - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Begowal (10,635) 3,934 0.001 0.12 0.00 Cheema (10,342) 3,998 0.001 0.12 0.00 Bhankharpur (10,088) 4,043 0.001 0.11 0.00 Khamanon (9,821) 4,088 0.001 0.11 0.00 Budha Theh (9,659) 4,118 0.001 0.11 0.00 Lodhian Khas (9,456) 4,155 0.001 0.11 0.00 Ghagga (9,086) 4,217 0.001 0.10 0.00 Rurki Kasba (9,057) 4,226 0.001 0.10 0.00 Dhilwan (8,829) 4,256 0.001 0.10 0.00 Hariana (8,645) 4,297 0.001 0.10 0.00 Bariwala (8,348) 4,352 0.001 0.09 0.00 Dera Baba Nanak (8,291) 4,365 0.001 0.09 0.00 Others (128,233) 30,000 0.015 1.43 0.04 Total 1.081 100.00 2.88 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

30.3 CITIES SORTED BY DISTRICT - PUNJAB City by District - Punjab: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Majitha (Amritsar; 14,390) 3,261 0.002 0.16 0.00 Bhikhiwind (Amritsar; 11,362) 3,776 0.001 0.13 0.00 Budha Theh (Amritsar; 9,659) 4,118 0.001 0.11 0.00 Tarn Taran (Amritsar; 61,503) 822 0.007 0.69 0.02 Khem Karan (Amritsar; 13,209) 3,454 0.002 0.15 0.00 Amritsar (Amritsar; 1,079,543) 30 0.130 12.05 0.35 Ajnala (Amritsar; 20,582) 2,497 0.002 0.23 0.01 Patti (Amritsar; 38,097) 1,346 0.005 0.43 0.01 Rayya (Amritsar; 13,963) 3,335 0.002 0.16 0.00 Rajasansi (Amritsar; 13,422) 3,413 0.002 0.15 0.00 Amritsar Cantt. (Amritsar; 12,503) 3,581 0.002 0.14 0.00 Goniana (Bathinda; 14,176) 3,298 0.002 0.16 0.00 Maur (Bathinda; 30,461) 1,677 0.004 0.34 0.01 Rampura Phul (Bathinda; 47,378) 1,107 0.006 0.53 0.02 Raman (Bathinda; 21,630) 2,384 0.003 0.24 0.01 Bhucho Mandi (Bathinda; 14,586) 3,225 0.002 0.16 0.00 Bathinda (Bathinda; 240,527) 174 0.029 2.68 0.08 Faridkot (Faridkot; 79,648) 638 0.010 0.89 0.03 Kot Kapura (Faridkot; 89,335) 562 0.011 1.00 0.03 Jaitu (Faridkot; 36,399) 1,402 0.004 0.41 0.01 Khamanon (Fatehgarh Sahib; 9,821) 4,088 0.001 0.11 0.00 Sirhind -Fategarh (Fatehgarh Sahib; 56,194) 916 0.007 0.63 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Punjab: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gobindgarh (Fatehgarh Sahib; 61,314) 828 0.007 0.68 0.02 Bassi Pathana (Fatehgarh Sahib; 20,521) 2,504 0.002 0.23 0.01 Amloh (Fatehgarh Sahib; 14,036) 3,321 0.002 0.16 0.00 Fiozpur (Firozpur; 105,610) 462 0.013 1.18 0.03 Makhu (Firozpur; 13,469) 3,404 0.002 0.15 0.00 Talwandi Bhai (Firozpur; 16,121) 3,023 0.002 0.18 0.01 Zira (Firozpur; 34,687) 1,478 0.004 0.39 0.01 Abohar (Firozpur; 137,533) 337 0.017 1.54 0.04 Jalalabad (Firozpur; 30,920) 1,661 0.004 0.35 0.01 Fazilka (Firozpur; 74,600) 691 0.009 0.83 0.02 Firozpur Cantt. (Firozpur; 63,529) 798 0.008 0.71 0.02 Guru Har Sahai (Firozpur; 15,875) 3,048 0.002 0.18 0.01 Dera Baba Nanak (Gurdaspur; 8,291) 4,365 0.001 0.09 0.00 Sujanpur (Gurdaspur; 24,057) 2,126 0.003 0.27 0.01 Jugial (Gurdaspur; 18,438) 2,723 0.002 0.21 0.01 Pathankot (Gurdaspur; 176,542) 252 0.021 1.97 0.06 Kalanaur (Gurdaspur; 14,290) 3,273 0.002 0.16 0.00 Dina Nagar (Gurdaspur; 23,782) 2,164 0.003 0.27 0.01 Gurdaspur (Gurdaspur; 74,635) 690 0.009 0.83 0.02 Qadian (Gurdaspur; 23,044) 2,233 0.003 0.26 0.01 Batala (Gurdaspur; 140,126) 330 0.017 1.56 0.05 Fatehgarh Churian (Gurdaspur; 17,569) 2,834 0.002 0.20 0.01 Dhariwal (Gurdaspur; 20,697) 2,481 0.002 0.23 0.01 Dasua (Hoshiarpur; 22,259) 2,316 0.003 0.25 0.01 Garhshanker (Hoshiarpur; 16,701) 2,939 0.002 0.19 0.01 Talwara (Hoshiarpur; 24,983) 2,051 0.003 0.28 0.01 Urmar Tanda (Hoshiarpur; 24,469) 2,086 0.003 0.27 0.01 Hariana (Hoshiarpur; 8,645) 4,297 0.001 0.10 0.00 Mahilpur (Hoshiarpur; 11,085) 3,846 0.001 0.12 0.00 Mukerian (Hoshiarpur; 23,654) 2,182 0.003 0.26 0.01 Hoshiarpur (Hoshiarpur; 164,021) 279 0.020 1.83 0.05 Adampur (Jalandhar; 18,389) 2,734 0.002 0.21 0.01 Kartarpur (Jalandhar; 27,829) 1,826 0.003 0.31 0.01 Shahkot (Jalandhar; 13,975) 3,329 0.002 0.16 0.00 Jandiala (Jalandhar; 8,524) 1,937 0.003 0.29 0.01 Bhogpur (Jalandhar; 15,372) 3,117 0.002 0.17 0.00 Nakodar (Jalandhar; 34,766) 1,470 0.004 0.39 0.01 Goraya (Jalandhar; 16,749) 2,936 0.002 0.19 0.01 Phillaur (Jalandhar; 24,594) 2,075 0.003 0.27 0.01 Noor Mahal (Jalandhar; 13,974) 3,330 0.002 0.16 0.00 Jalandhar (Jalandhar; 775,858) 50 0.094 8.66 0.25 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Punjab: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jalandhar Cantt. (Jalandhar; 44,834) 1,164 0.005 0.50 0.01 Lodhian Khas (Jalandhar; 9,456) 4,155 0.001 0.11 0.00 Bhulath (Kapurthala; 11,152) 3,830 0.001 0.12 0.00 Dhilwan (Kapurthala; 8,829) 4,256 0.001 0.10 0.00 Begowal (Kapurthala; 10,635) 3,934 0.001 0.12 0.00 Hussainpur (Kapurthala; 16,976) 2,912 0.002 0.19 0.01 Kapurthala (Kapurthala; 93,340) 532 0.011 1.04 0.03 Sultanpur Lodhi (Kapurthala; 17,319) 2,871 0.002 0.19 0.01 Phagwara (Kapurthala; 105,804) 459 0.013 1.18 0.03 Sahnewal (Ludhiana; 19,084) 2,654 0.002 0.21 0.01 Mullanpur Dakha (Ludhiana; 16,162) 3,020 0.002 0.18 0.01 Jagraon (Ludhiana; 66,503) 758 0.008 0.74 0.02 Raikot (Ludhiana; 27,371) 1,861 0.003 0.31 0.01 Daroha (Ludhiana; 20,995) 2,452 0.003 0.23 0.01 Machhiwara (Ludhiana; 20,317) 2,514 0.002 0.23 0.01 Samrala (Ludhiana; 19,484) 2,605 0.002 0.22 0.01 Ludhiana (Ludhiana; 1,543,535) 18 0.186 17.23 0.50 Khanna (Ludhiana; 114,028) 417 0.014 1.27 0.04 Bhikhi (Mansa; 16,683) 2,944 0.002 0.19 0.01 Sardulgarh (Mansa; 18,051) 2,775 0.002 0.20 0.01 Mansa (Mansa; 80,336) 631 0.010 0.90 0.03 Budhlada (Mansa; 26,000) 1,966 0.003 0.29 0.01 Baretta (Mansa; 16,466) 2,978 0.002 0.18 0.01 Dharamkot (Moga; 17,038) 2,904 0.002 0.19 0.01 Moga (Moga; 137,888) 336 0.017 1.54 0.04 Bagha Purana (Moga; 23,918) 2,144 0.003 0.27 0.01 Gidderbaha (Muktsar; 40,488) 1,273 0.005 0.45 0.01 Bariwala (Muktsar; 8,348) 4,352 0.001 0.09 0.00 Malout (Muktsar; 78,510) 650 0.009 0.88 0.03 Muktsar (Muktsar; 91,944) 545 0.011 1.03 0.03 Rahon (Nawanshahr; 13,328) 3,434 0.002 0.15 0.00 Banga (Nawanshahr; 20,903) 2,460 0.003 0.23 0.01 Balachaur (Nawanshahr; 20,033) 2,545 0.002 0.22 0.01 Nawanshahr (Nawanshahr; 34,225) 1,501 0.004 0.38 0.01 Nabha (Patiala; 68,547) 741 0.008 0.77 0.02 Bhankharpur (Patiala; 10,088) 4,043 0.001 0.11 0.00 Samana (Patiala; 51,459) 1,014 0.006 0.57 0.02 Sanaur (Patiala; 19,847) 2,563 0.002 0.22 0.01 Banaur (Patiala; 16,602) 2,952 0.002 0.19 0.01 Rurki Kasba (Patiala; 9,057) 4,226 0.001 0.10 0.00 Pattran (Patiala; 24,530) 2,083 0.003 0.27 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Punjab: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dera Bassi (Patiala; 17,360) 2,865 0.002 0.19 0.01 Patiala (Patiala; 335,106) 117 0.040 3.74 0.11 Rajpura (Patiala; 91,337) 549 0.011 1.02 0.03 Zirakpur (Patiala; 27,668) 1,832 0.003 0.31 0.01 Ghagga (Patiala; 9,086) 4,217 0.001 0.10 0.00 Morinda (Rupnagar; 24,107) 2,120 0.003 0.27 0.01 Kharar (Rupnagar; 43,605) 1,195 0.005 0.49 0.01 Kurali (Rupnagar; 25,491) 2,006 0.003 0.28 0.01 Anandpur Sahib (Rupnagar; 15,364) 3,120 0.002 0.17 0.00 Nehon (Rupnagar; 11,239) 3,806 0.001 0.13 0.00 Karoran (Rupnagar; 22,517) 2,290 0.003 0.25 0.01 S.A.S. Nagar (Rupnagar; 136,406) 342 0.016 1.52 0.04 Rupnagar (Rupnagar; 53,291) 967 0.006 0.59 0.02 Nangal (Rupnagar; 44,970) 1,161 0.005 0.50 0.01 Dirba (Sangrur; 14,464) 3,248 0.002 0.16 0.00 Sunam (Sangrur; 56,455) 909 0.007 0.63 0.02 Khanauri (Sangrur; 12,145) 3,649 0.001 0.14 0.00 Ahmedgarh (Sangrur; 30,988) 1,657 0.004 0.35 0.01 Handiaya (Sangrur; 10,760) 3,918 0.001 0.12 0.00 Sangrur (Sangrur; 87,095) 574 0.011 0.97 0.03 Lehragaga (Sangrur; 21,365) 2,413 0.003 0.24 0.01 Dhanaula (Sangrur; 20,355) 2,512 0.002 0.23 0.01 Longowal (Sangrur; 22,426) 2,300 0.003 0.25 0.01 Bhadaur (Sangrur; 18,608) 2,699 0.002 0.21 0.01 Dhuri (Sangrur; 54,536) 942 0.007 0.61 0.02 Barnala (Sangrur; 106,657) 453 0.013 1.19 0.03 Tappa (Sangrur; 20,897) 2,461 0.003 0.23 0.01 Malerkotla (Sangrur; 118,169) 405 0.014 1.32 0.04 Moonak (Sangrur; 16,517) 2,968 0.002 0.18 0.01 Cheema (Sangrur; 10,342) 3,998 0.001 0.12 0.00 Bhawanigarh (Sangrur; 19,672) 2,582 0.002 0.22 0.01 Others (N/A; 128,233) 30,000 0.015 1.43 0.04 Total 1.081 100.00 2.88 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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31 RAJASTHAN 31.1 LATENT DEMAND BY YEAR - RAJASTHAN

The Latent Demand for Depilatories in Rajasthan: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.928 3.97 2005 1.055 4.10 2006 1.199 4.24 2007 1.363 4.38 2008 1.548 4.52 2009 1.743 4.64 2010 1.961 4.76 2011 2.206 4.88 2012 2.482 5.01 2013 2.792 5.14 2014 3.142 5.26 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Rajasthan - Top Cities: Depilatories in 2009

Jaipur

Jodhpur

Kota

Bikaner

Others

The Latent Demand for Depilatories in India and Rajasthan: 2009

RajasthanIndia

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31.2 CITIES SORTED BY RANK - RAJASTHAN Rajasthan - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jaipur (2,679,759) 11 0.310 17.78 0.82 Jodhpur (975,842) 42 0.113 6.47 0.30 Kota (802,317) 51 0.093 5.32 0.25 Bikaner (609,904) 68 0.071 4.05 0.19 Ajmer (559,394) 72 0.065 3.71 0.17 Udaipur (448,852) 92 0.052 2.98 0.14 Bhilwara (323,031) 132 0.037 2.14 0.10 Alwar (300,042) 146 0.035 1.99 0.09 Ganganagar (243,022) 182 0.028 1.61 0.07 Bharatpur (235,722) 190 0.027 1.56 0.07 Pali (216,255) 213 0.025 1.43 0.07 Sikar (213,180) 214 0.025 1.41 0.07 Tonk (156,409) 307 0.018 1.04 0.05 Hanumangarh (149,481) 321 0.017 0.99 0.05 Beawar (142,618) 339 0.016 0.95 0.04 Kishangarh (133,919) 370 0.015 0.89 0.04 Jhunjhunun (115,841) 431 0.013 0.77 0.04 Churu (112,556) 446 0.013 0.75 0.03 Sawai Madhopur (112,400) 447 0.013 0.75 0.03 Gangapur City (111,596) 449 0.013 0.74 0.03 Chittaurgarh (110,713) 457 0.013 0.73 0.03 Dhaulpur (106,227) 480 0.012 0.70 0.03 Nagaur (101,818) 498 0.012 0.68 0.03 Bundi (101,817) 499 0.012 0.68 0.03 Banswara (98,734) 522 0.011 0.66 0.03 Hindaun (97,749) 529 0.011 0.65 0.03 Sujangarh (96,624) 536 0.011 0.64 0.03 Barmer (96,289) 540 0.011 0.64 0.03 Makrana (96,026) 543 0.011 0.64 0.03 Sardarshahar (93,822) 557 0.011 0.62 0.03 Fatehpur (90,471) 578 0.010 0.60 0.03 Baran (90,357) 579 0.010 0.60 0.03 Karauli (76,299) 704 0.009 0.51 0.02 Ratangarh (73,168) 732 0.008 0.49 0.02 Balotra (71,163) 744 0.008 0.47 0.02 Dausa (71,007) 747 0.008 0.47 0.02 Jaisalmer (67,199) 786 0.008 0.45 0.02 Suratgarh (66,957) 790 0.008 0.44 0.02 Ladnu (65,771) 806 0.008 0.44 0.02 Nawalgarh (65,119) 813 0.008 0.43 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Rajasthan - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Rajsamand (64,184) 823 0.007 0.43 0.02 Nimbahera (61,477) 862 0.007 0.41 0.02 Chomu (58,473) 917 0.007 0.39 0.02 Kuchaman City (58,299) 919 0.007 0.39 0.02 Bari (58,194) 922 0.007 0.39 0.02 Nokha (57,305) 938 0.007 0.38 0.02 Nasirabad (56,621) 950 0.007 0.38 0.02 Rajgarh (55,406) 972 0.006 0.37 0.02 Jhalawar (55,397) 973 0.006 0.37 0.02 Abu Road (54,556) 991 0.006 0.36 0.02 Lachhmangarh (54,519) 992 0.006 0.36 0.02 Jalor (51,683) 1,056 0.006 0.34 0.02 Phalodi (51,600) 1,058 0.006 0.34 0.02 Dungargarh (51,544) 1,060 0.006 0.34 0.02 Didwana (51,491) 1,063 0.006 0.34 0.02 Dungarpur (49,015) 1,113 0.006 0.33 0.02 Nohar (48,771) 1,117 0.006 0.32 0.02 Deeg (47,069) 1,158 0.005 0.31 0.01 Merta City (46,372) 1,169 0.005 0.31 0.01 Kotputli (46,298) 1,171 0.005 0.31 0.01 Bhinmal (45,284) 1,200 0.005 0.30 0.01 Sojat (44,822) 1,211 0.005 0.30 0.01 Bilara (44,560) 1,221 0.005 0.30 0.01 Chirawa (42,900) 1,257 0.005 0.28 0.01 Nathdwara (42,666) 1,262 0.005 0.28 0.01 Bhawani Mandi (41,139) 1,300 0.005 0.27 0.01 Sirohi (40,964) 1,305 0.005 0.27 0.01 Pratapgarh (40,830) 1,308 0.005 0.27 0.01 Bhadra (40,510) 1,314 0.005 0.27 0.01 Rawatbhata (39,980) 1,335 0.005 0.27 0.01 Sangaria (39,823) 1,342 0.005 0.26 0.01 Kekri (39,348) 1,352 0.005 0.26 0.01 Bhiwadi (39,003) 1,364 0.005 0.26 0.01 Pilibanga (38,746) 1,375 0.004 0.26 0.01 Bayana (38,627) 1,380 0.004 0.26 0.01 Piparcity (37,739) 1,412 0.004 0.25 0.01 Khairthal (36,903) 1,447 0.004 0.24 0.01 Sumerpur (36,270) 1,472 0.004 0.24 0.01 Niwai (36,150) 1,481 0.004 0.24 0.01 Sagwara (35,733) 1,498 0.004 0.24 0.01 Ramganj Mandi (35,722) 1,499 0.004 0.24 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Rajasthan - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kaman (35,480) 1,510 0.004 0.24 0.01 Jhalrapatan (34,717) 1,544 0.004 0.23 0.01 Bidasar (34,706) 1,545 0.004 0.23 0.01 Anupgarh (34,067) 1,572 0.004 0.23 0.01 Neem-Ka-Thana (34,062) 1,573 0.004 0.23 0.01 Chaksu (33,563) 1,589 0.004 0.22 0.01 Sri Madhopur (32,835) 1,624 0.004 0.22 0.01 Ramgarh (32,779) 1,627 0.004 0.22 0.01 Rawatsar (32,723) 1,630 0.004 0.22 0.01 Rajakhera (32,673) 1,636 0.004 0.22 0.01 Lalsot (32,602) 1,641 0.004 0.22 0.01 Shahpura (32,478) 1,646 0.004 0.22 0.01 Udaipurwati (32,087) 1,669 0.004 0.21 0.01 Raisinghnagar (31,944) 1,673 0.004 0.21 0.01 Vijainagar (31,922) 1,674 0.004 0.21 0.01 Kishangarh Renwal (31,778) 1,678 0.004 0.21 0.01 Malpura (31,408) 1,704 0.004 0.21 0.01 Taranagar (31,213) 1,714 0.004 0.21 0.01 Lakheri (31,025) 1,722 0.004 0.21 0.01 Antah (30,874) 1,734 0.004 0.20 0.01 Pilani (30,228) 1,766 0.003 0.20 0.01 Sanchore (29,839) 1,785 0.003 0.20 0.01 Losal (29,232) 1,814 0.003 0.19 0.01 Sheoganj (28,575) 1,859 0.003 0.19 0.01 Sadri (28,135) 1,888 0.003 0.19 0.01 Gulabpura (28,072) 1,890 0.003 0.19 0.01 Reengus (26,434) 2,022 0.003 0.18 0.01 Rajaldesar (26,329) 2,034 0.003 0.17 0.01 Behror (26,320) 2,035 0.003 0.17 0.01 Chhabra (26,281) 2,037 0.003 0.17 0.01 Khandela (25,912) 2,061 0.003 0.17 0.01 Sadulshahar (25,733) 2,068 0.003 0.17 0.01 Sambhar (25,702) 2,073 0.003 0.17 0.01 Bagru (25,467) 2,091 0.003 0.17 0.01 Mount Abu (25,416) 2,100 0.003 0.17 0.01 Mangrol (25,175) 2,118 0.003 0.17 0.01 Gothra (25,156) 2,122 0.003 0.17 0.01 Nadbai (24,954) 2,146 0.003 0.17 0.01 Phulera (24,948) 2,148 0.003 0.17 0.01 Basni Belima (24,854) 2,159 0.003 0.16 0.01 Nagar (24,614) 2,189 0.003 0.16 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Rajasthan - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Todaraisingh (24,445) 2,206 0.003 0.16 0.01 Bissau (24,365) 2,213 0.003 0.16 0.01 Keshoraipatan (24,349) 2,215 0.003 0.16 0.01 Phalna (24,224) 2,225 0.003 0.16 0.01 Todabhim (24,033) 2,234 0.003 0.16 0.01 Pindwara (23,932) 2,245 0.003 0.16 0.01 Mandawa (23,885) 2,247 0.003 0.16 0.01 Karanpur (23,859) 2,252 0.003 0.16 0.01 Kaithoon (23,476) 2,293 0.003 0.16 0.01 Kumher (23,397) 2,301 0.003 0.16 0.01 Mandalgarh (23,244) 2,315 0.003 0.15 0.01 Deoli (23,085) 2,332 0.003 0.15 0.01 Tijara (22,964) 2,346 0.003 0.15 0.01 Fatehnagar (22,625) 2,382 0.003 0.15 0.01 Kuchera (22,555) 2,389 0.003 0.15 0.01 Mahwa (22,549) 2,390 0.003 0.15 0.01 Begun (22,289) 2,414 0.003 0.15 0.01 Jaitaran (22,280) 2,417 0.003 0.15 0.01 Pokaran (22,120) 2,437 0.003 0.15 0.01 Surajgarh (21,741) 2,473 0.003 0.14 0.01 Jahazpur (21,693) 2,477 0.003 0.14 0.01 Kapasan (21,565) 2,487 0.002 0.14 0.01 Sangod (21,496) 2,493 0.002 0.14 0.01 Nawa (21,013) 2,533 0.002 0.14 0.01 Bali (20,976) 2,538 0.002 0.14 0.01 Aklera (20,945) 2,541 0.002 0.14 0.01 Chhapar (20,585) 2,576 0.002 0.14 0.01 Mukandgarh (20,510) 2,585 0.002 0.14 0.01 Kaprain (20,483) 2,587 0.002 0.14 0.01 Bhusawar (20,423) 2,594 0.002 0.14 0.01 Khetri (20,034) 2,642 0.002 0.13 0.01 Weir (19,981) 2,645 0.002 0.13 0.01 Viratnagar (19,873) 2,661 0.002 0.13 0.01 Behat (19,804) 2,668 0.002 0.13 0.01 Gangapur (19,617) 2,685 0.002 0.13 0.01 Suket (19,580) 2,688 0.002 0.13 0.01 Padampur (19,551) 2,693 0.002 0.13 0.01 Amet (19,218) 2,727 0.002 0.13 0.01 Chhoti Sadri (19,141) 2,740 0.002 0.13 0.01 Devgarh (19,023) 2,755 0.002 0.13 0.01 Bhinder (18,868) 2,770 0.002 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Rajasthan - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bandikui (18,783) 2,781 0.002 0.12 0.01 Sarwar (18,670) 2,795 0.002 0.12 0.01 Chhipabarod (18,477) 2,821 0.002 0.12 0.01 Mundwa (18,451) 2,823 0.002 0.12 0.01 Salumbar (18,288) 2,840 0.002 0.12 0.01 Takhatgarh (18,227) 2,848 0.002 0.12 0.01 Deshnoke (18,206) 2,852 0.002 0.12 0.01 Kherli (17,863) 2,897 0.002 0.12 0.01 Nainwa (17,492) 2,933 0.002 0.12 0.01 Bari Sadri (17,295) 2,958 0.002 0.11 0.01 Satalkheri (17,253) 2,963 0.002 0.11 0.01 Pushkar (17,051) 2,999 0.002 0.11 0.01 Baggar (16,888) 3,017 0.002 0.11 0.01 Vidyavihar (16,563) 3,049 0.002 0.11 0.01 Asind (16,277) 3,091 0.002 0.11 0.01 Parbatsar (15,899) 3,138 0.002 0.11 0.00 Kesrisinghpur (15,163) 3,235 0.002 0.10 0.00 Kanor (14,545) 3,338 0.002 0.10 0.00 Beejoliya Kalan (14,278) 3,370 0.002 0.09 0.00 Rani (14,269) 3,371 0.002 0.09 0.00 Pirawa (12,892) 3,610 0.001 0.09 0.00 Sojat Road (12,882) 3,613 0.001 0.09 0.00 Ratannagar (12,703) 3,644 0.001 0.08 0.00 3,661 0.001 0.08 0.00 Uniara (12,483) 3,683 0.001 0.08 0.00 Marwar Junction (12,140) 3,726 0.001 0.08 0.00 Jobner (12,101) 3,736 0.001 0.08 0.00 Dhariawad (12,099) 3,737 0.001 0.08 0.00 Chechat (11,823) 3,784 0.001 0.08 0.00 Mandawar (11,654) 3,822 0.001 0.08 0.00 Kushalgarh (11,640) 3,828 0.001 0.08 0.00 Govindgarh (11,628) 3,835 0.001 0.08 0.00 Partapur (11,464) 3,867 0.001 0.08 0.00 Goredi Chancha (11,338) 3,895 0.001 0.08 0.00 Gajsinghpur (10,961) 3,958 0.001 0.07 0.00 Manohar Thana (10,638) 4,028 0.001 0.07 0.00 Sogariya (10,183) 4,097 0.001 0.07 0.00 Udpura (10,109) 4,112 0.001 0.07 0.00 Mahu Kalan (9,848) 4,158 0.001 0.07 0.00 Rikhabdeo (9,250) 4,252 0.001 0.06 0.00 Bakani (9,151) 4,273 0.001 0.06 0.00 Kolvi Mandi Rajendra pura (9,062) 4,290 0.001 0.06 0.00 Others (84,665) 30,000 0.010 0.58 0.03 Total 1.743 100.00 4.64 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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31.3 CITIES SORTED BY DISTRICT - RAJASTHAN City by District - Rajasthan: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ 3,661 0.001 0.08 0.00 Ajmer (Ajmer; 559,394) 72 0.065 3.71 0.17 Kekri (Ajmer; 39,348) 1,352 0.005 0.26 0.01 Vijainagar (Ajmer; 31,922) 1,674 0.004 0.21 0.01 Pushkar (Ajmer; 17,051) 2,999 0.002 0.11 0.01 Nasirabad (Ajmer; 56,621) 950 0.007 0.38 0.02 Beawar (Ajmer; 142,618) 339 0.016 0.95 0.04 Sarwar (Ajmer; 18,670) 2,795 0.002 0.12 0.01 Kherli (Alwar; 17,863) 2,897 0.002 0.12 0.01 Govindgarh (Alwar; 11,628) 3,835 0.001 0.08 0.00 Behror (Alwar; 26,320) 2,035 0.003 0.17 0.01 Khairthal (Alwar; 36,903) 1,447 0.004 0.24 0.01 Kishangarh (Alwar; 10,920) 370 0.015 0.89 0.04 Bhiwadi (Alwar; 39,003) 1,364 0.005 0.26 0.01 Alwar (Alwar; 300,042) 146 0.035 1.99 0.09 Tijara (Alwar; 22,964) 2,346 0.003 0.15 0.01 Partapur (Banswara; 11,464) 3,867 0.001 0.08 0.00 Kushalgarh (Banswara; 11,640) 3,828 0.001 0.08 0.00 Banswara (Banswara; 98,734) 522 0.011 0.66 0.03 Chhipabarod (Baran; 18,477) 2,821 0.002 0.12 0.01 Chhabra (Baran; 26,281) 2,037 0.003 0.17 0.01 Mangrol (Baran; 25,175) 2,118 0.003 0.17 0.01 Baran (Baran; 90,357) 579 0.010 0.60 0.03 Antah (Baran; 30,874) 1,734 0.004 0.20 0.01 Balotra (Barmer; 71,163) 744 0.008 0.47 0.02 Barmer (Barmer; 96,289) 540 0.011 0.64 0.03 Bayana (Bharatpur; 38,627) 1,380 0.004 0.26 0.01 Kumher (Bharatpur; 23,397) 2,301 0.003 0.16 0.01 Deeg (Bharatpur; 47,069) 1,158 0.005 0.31 0.01 Bharatpur (Bharatpur; 235,722) 190 0.027 1.56 0.07 Nadbai (Bharatpur; 24,954) 2,146 0.003 0.17 0.01 Kaman (Bharatpur; 35,480) 1,510 0.004 0.24 0.01 Bhusawar (Bharatpur; 20,423) 2,594 0.002 0.14 0.01 Nagar (Bharatpur; 24,614) 2,189 0.003 0.16 0.01 Weir (Bharatpur; 19,981) 2,645 0.002 0.13 0.01 Beejoliya Kalan (Bhilwara; 14,278) 3,370 0.002 0.09 0.00 Jahazpur (Bhilwara; 21,693) 2,477 0.003 0.14 0.01 Gulabpura (Bhilwara; 28,072) 1,890 0.003 0.19 0.01 Mandalgarh (Bhilwara; 23,244) 2,315 0.003 0.15 0.01 Gangapur (Bhilwara; 19,617) 2,685 0.002 0.13 0.01 Bhilwara (Bhilwara; 323,031) 132 0.037 2.14 0.10 Asind (Bhilwara; 16,277) 3,091 0.002 0.11 0.01 Deshnoke (Bikaner; 18,206) 2,852 0.002 0.12 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Rajasthan: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Nokha (Bikaner; 57,305) 938 0.007 0.38 0.02 Bikaner (Bikaner; 609,904) 68 0.071 4.05 0.19 Bundi (Bundi; 101,817) 499 0.012 0.68 0.03 Lakheri (Bundi; 31,025) 1,722 0.004 0.21 0.01 Kaprain (Bundi; 20,483) 2,587 0.002 0.14 0.01 Keshoraipatan (Bundi; 24,349) 2,215 0.003 0.16 0.01 Nainwa (Bundi; 17,492) 2,933 0.002 0.12 0.01 Kapasan (Chittaurgarh; 21,565) 2,487 0.002 0.14 0.01 Begun (Chittaurgarh; 22,289) 2,414 0.003 0.15 0.01 Bari Sadri (Chittaurgarh; 17,295) 2,958 0.002 0.11 0.01 Pratapgarh (Chittaurgarh; 40,830) 1,308 0.005 0.27 0.01 Chittaurgarh (Chittaurgarh; 110,713) 457 0.013 0.73 0.03 Chhoti Sadri (Chittaurgarh; 19,141) 2,740 0.002 0.13 0.01 Rawatbhata (Chittaurgarh; 39,980) 1,335 0.005 0.27 0.01 Nimbahera (Chittaurgarh; 61,477) 862 0.007 0.41 0.02 Churu (Churu; 112,556) 446 0.013 0.75 0.03 Taranagar (Churu; 31,213) 1,714 0.004 0.21 0.01 Ratangarh (Churu; 73,168) 732 0.008 0.49 0.02 Dungargarh (Churu; 51,544) 1,060 0.006 0.34 0.02 Chhapar (Churu; 20,585) 2,576 0.002 0.14 0.01 Sardarshahar (Churu; 93,822) 557 0.011 0.62 0.03 Rajgarh (Churu; 55,406) 972 0.006 0.37 0.02 Rajaldesar (Churu; 26,329) 2,034 0.003 0.17 0.01 Bidasar (Churu; 34,706) 1,545 0.004 0.23 0.01 Sujangarh (Churu; 96,624) 536 0.011 0.64 0.03 Ratannagar (Churu; 12,703) 3,644 0.001 0.08 0.00 Mahwa (Dausa; 22,549) 2,390 0.003 0.15 0.01 Dausa (Dausa; 71,007) 747 0.008 0.47 0.02 Lalsot (Dausa; 32,602) 1,641 0.004 0.22 0.01 Mandawar (Dausa; 11,654) 3,822 0.001 0.08 0.00 Bandikui (Dausa; 18,783) 2,781 0.002 0.12 0.01 Bari (Dhaulpur; 58,194) 922 0.007 0.39 0.02 Dhaulpur (Dhaulpur; 106,227) 480 0.012 0.70 0.03 Rajakhera (Dhaulpur; 32,673) 1,636 0.004 0.22 0.01 Dungarpur (Dungarpur; 49,015) 1,113 0.006 0.33 0.02 Sagwara (Dungarpur; 35,733) 1,498 0.004 0.24 0.01 Gajsinghpur (Ganganagar; 10,961) 3,958 0.001 0.07 0.00 Ganganagar (Ganganagar; 243,022) 182 0.028 1.61 0.07 Anupgarh (Ganganagar; 34,067) 1,572 0.004 0.23 0.01 Suratgarh (Ganganagar; 66,957) 790 0.008 0.44 0.02 Padampur (Ganganagar; 19,551) 2,693 0.002 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Rajasthan: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Karanpur (Ganganagar; 23,859) 2,252 0.003 0.16 0.01 Sadulshahar (Ganganagar; 25,733) 2,068 0.003 0.17 0.01 Kesrisinghpur (Ganganagar; 15,163) 3,235 0.002 0.10 0.00 Raisinghnagar (Ganganagar; 31,944) 1,673 0.004 0.21 0.01 Bhadra (Hanumangarh; 40,510) 1,314 0.005 0.27 0.01 Nohar (Hanumangarh; 48,771) 1,117 0.006 0.32 0.02 Hanumangarh (Hanumangarh; 149,481) 321 0.017 0.99 0.05 Pilibanga (Hanumangarh; 38,746) 1,375 0.004 0.26 0.01 Sangaria (Hanumangarh; 39,823) 1,342 0.005 0.26 0.01 Rawatsar (Hanumangarh; 32,723) 1,630 0.004 0.22 0.01 Jaipur (Jaipur; 2,679,759) 11 0.310 17.78 0.82 Phulera (Jaipur; 24,948) 2,148 0.003 0.17 0.01 Sambhar (Jaipur; 25,702) 2,073 0.003 0.17 0.01 Jobner (Jaipur; 12,101) 3,736 0.001 0.08 0.00 Viratnagar (Jaipur; 19,873) 2,661 0.002 0.13 0.01 Chaksu (Jaipur; 33,563) 1,589 0.004 0.22 0.01 Shahpura (Jaipur; 32,478) 1,646 0.004 0.22 0.01 Kishangarh Renwal (Jaipur; 31,778) 1,678 0.004 0.21 0.01 Chomu (Jaipur; 58,473) 917 0.007 0.39 0.02 Bagru (Jaipur; 25,467) 2,091 0.003 0.17 0.01 Kotputli (Jaipur; 46,298) 1,171 0.005 0.31 0.01 Jaisalmer (Jaisalmer; 67,199) 786 0.008 0.45 0.02 Pokaran (Jaisalmer; 22,120) 2,437 0.003 0.15 0.01 Sanchore (Jalor; 29,839) 1,785 0.003 0.20 0.01 Jalor (Jalor; 51,683) 1,056 0.006 0.34 0.02 Bhinmal (Jalor; 45,284) 1,200 0.005 0.30 0.01 Jhalawar (Jhalawar; 55,397) 973 0.006 0.37 0.02 Jhalrapatan (Jhalawar; 34,717) 1,544 0.004 0.23 0.01 Bhawani Mandi (Jhalawar; 41,139) 1,300 0.005 0.27 0.01 Manohar Thana (Jhalawar; 10,638) 4,028 0.001 0.07 0.00 Aklera (Jhalawar; 20,945) 2,541 0.002 0.14 0.01 Kolvi Mandi Rajendra pura (Jhalawar; 9,062) 4,290 0.001 0.06 0.00 Bakani (Jhalawar; 9,151) 4,273 0.001 0.06 0.00 Pirawa (Jhalawar; 12,892) 3,610 0.001 0.09 0.00 Jhunjhunun (Jhunjhunun; 115,841) 431 0.013 0.77 0.04 Pilani (Jhunjhunun; 30,228) 1,766 0.003 0.20 0.01 Udaipurwati (Jhunjhunun; 32,087) 1,669 0.004 0.21 0.01 Mandawa (Jhunjhunun; 23,885) 2,247 0.003 0.16 0.01 Surajgarh (Jhunjhunun; 21,741) 2,473 0.003 0.14 0.01 Baggar (Jhunjhunun; 16,888) 3,017 0.002 0.11 0.01 Khetri (Jhunjhunun; 20,034) 2,642 0.002 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Rajasthan: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Vidyavihar (Jhunjhunun; 16,563) 3,049 0.002 0.11 0.01 Chirawa (Jhunjhunun; 42,900) 1,257 0.005 0.28 0.01 Gothra (Jhunjhunun; 25,156) 2,122 0.003 0.17 0.01 Nawalgarh (Jhunjhunun; 65,119) 813 0.008 0.43 0.02 Bissau (Jhunjhunun; 24,365) 2,213 0.003 0.16 0.01 Mukandgarh (Jhunjhunun; 20,510) 2,585 0.002 0.14 0.01 Phalodi (Jodhpur; 51,600) 1,058 0.006 0.34 0.02 Bilara (Jodhpur; 44,560) 1,221 0.005 0.30 0.01 Jodhpur (Jodhpur; 975,842) 42 0.113 6.47 0.30 Piparcity (Jodhpur; 37,739) 1,412 0.004 0.25 0.01 Todabhim (Karauli; 24,033) 2,234 0.003 0.16 0.01 Karauli (Karauli; 76,299) 704 0.009 0.51 0.02 Hindaun (Karauli; 97,749) 529 0.011 0.65 0.03 Kaithoon (Kota; 23,476) 2,293 0.003 0.16 0.01 Kota (Kota; 802,317) 51 0.093 5.32 0.25 Udpura (Kota; 10,109) 4,112 0.001 0.07 0.00 Ramganj Mandi (Kota; 35,722) 1,499 0.004 0.24 0.01 Sangod (Kota; 21,496) 2,493 0.002 0.14 0.01 Satalkheri (Kota; 17,253) 2,963 0.002 0.11 0.01 Chechat (Kota; 11,823) 3,784 0.001 0.08 0.00 Sogariya (Kota; 10,183) 4,097 0.001 0.07 0.00 Suket (Kota; 19,580) 2,688 0.002 0.13 0.01 Kuchaman City (Nagaur; 58,299) 919 0.007 0.39 0.02 Kuchera (Nagaur; 22,555) 2,389 0.003 0.15 0.01 Goredi Chancha (Nagaur; 11,338) 3,895 0.001 0.08 0.00 Nawa (Nagaur; 21,013) 2,533 0.002 0.14 0.01 Merta City (Nagaur; 46,372) 1,169 0.005 0.31 0.01 Basni Belima (Nagaur; 24,854) 2,159 0.003 0.16 0.01 Mundwa (Nagaur; 18,451) 2,823 0.002 0.12 0.01 Nagaur (Nagaur; 101,818) 498 0.012 0.68 0.03 Ladnu (Nagaur; 65,771) 806 0.008 0.44 0.02 Parbatsar (Nagaur; 15,899) 3,138 0.002 0.11 0.00 Makrana (Nagaur; 96,026) 543 0.011 0.64 0.03 Didwana (Nagaur; 51,491) 1,063 0.006 0.34 0.02 Pali (Pali; 216,255) 213 0.025 1.43 0.07 Takhatgarh (Pali; 18,227) 2,848 0.002 0.12 0.01 Sumerpur (Pali; 36,270) 1,472 0.004 0.24 0.01 Sadri (Pali; 28,135) 1,888 0.003 0.19 0.01 Marwar Junction (Pali; 12,140) 3,726 0.001 0.08 0.00 Jaitaran (Pali; 22,280) 2,417 0.003 0.15 0.01 Sojat (Pali; 44,822) 1,211 0.005 0.30 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Rajasthan: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sojat Road (Pali; 12,882) 3,613 0.001 0.09 0.00 Bali (Pali; 20,976) 2,538 0.002 0.14 0.01 Phalna (Pali; 24,224) 2,225 0.003 0.16 0.01 Rani (Pali; 14,269) 3,371 0.002 0.09 0.00 Nathdwara (Rajsamand; 42,666) 1,262 0.005 0.28 0.01 Rajsamand (Rajsamand; 64,184) 823 0.007 0.43 0.02 Amet (Rajsamand; 19,218) 2,727 0.002 0.13 0.01 Devgarh (Rajsamand; 19,023) 2,755 0.002 0.13 0.01 Behat (Saharanpur; 19,804) 2,668 0.002 0.13 0.01 Sawai Madhopur (Sawai Madhopur; 112,400) 447 0.013 0.75 0.03 Gangapur City (Sawai Madhopur; 111,596) 449 0.013 0.74 0.03 Mahu Kalan (Sawai Madhopur; 9,848) 4,158 0.001 0.07 0.00 Neem-Ka-Thana (Sikar; 34,062) 1,573 0.004 0.23 0.01 Losal (Sikar; 29,232) 1,814 0.003 0.19 0.01 Sikar (Sikar; 213,180) 214 0.025 1.41 0.07 Lachhmangarh (Sikar; 54,519) 992 0.006 0.36 0.02 Fatehpur (Sikar; 90,471) 578 0.010 0.60 0.03 Sri Madhopur (Sikar; 32,835) 1,624 0.004 0.22 0.01 Khandela (Sikar; 25,912) 2,061 0.003 0.17 0.01 Reengus (Sikar; 26,434) 2,022 0.003 0.18 0.01 Ramgarh (Sikar; 32,779) 1,627 0.004 0.22 0.01 Abu Road (Sirohi; 54,556) 991 0.006 0.36 0.02 Sirohi (Sirohi; 40,964) 1,305 0.005 0.27 0.01 Pindwara (Sirohi; 23,932) 2,245 0.003 0.16 0.01 Sheoganj (Sirohi; 28,575) 1,859 0.003 0.19 0.01 Mount Abu (Sirohi; 25,416) 2,100 0.003 0.17 0.01 Malpura (Tonk; 31,408) 1,704 0.004 0.21 0.01 Niwai (Tonk; 36,150) 1,481 0.004 0.24 0.01 Tonk (Tonk; 156,409) 307 0.018 1.04 0.05 Uniara (Tonk; 12,483) 3,683 0.001 0.08 0.00 Deoli (Tonk; 23,085) 2,332 0.003 0.15 0.01 Todaraisingh (Tonk; 24,445) 2,206 0.003 0.16 0.01 Kanor (Udaipur; 14,545) 3,338 0.002 0.10 0.00 Rikhabdeo (Udaipur; 9,250) 4,252 0.001 0.06 0.00 Bhinder (Udaipur; 18,868) 2,770 0.002 0.13 0.01 Dhariawad (Udaipur; 12,099) 3,737 0.001 0.08 0.00 Salumbar (Udaipur; 18,288) 2,840 0.002 0.12 0.01 Fatehnagar (Udaipur; 22,625) 2,382 0.003 0.15 0.01 Udaipur (Udaipur; 448,852) 92 0.052 2.98 0.14 Others (N/A; 84,665) 30,000 0.010 0.58 0.03 Total 1.743 100.00 4.64 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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32 SIKKIM 32.1 LATENT DEMAND BY YEAR - SIKKIM

The Latent Demand for Depilatories in Sikkim: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.005 0.02 2005 0.006 0.02 2006 0.006 0.02 2007 0.006 0.02 2008 0.007 0.02 2009 0.008 0.02 2010 0.008 0.02 2011 0.009 0.02 2012 0.009 0.02 2013 0.010 0.02 2014 0.011 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Sikkim - Top Cities: Depilatories in 2009

Gangtok

Upper Tadong

Others

The Latent Demand for Depilatories in India and Sikkim: 2009

SikkimIndia

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32.2 CITIES SORTED BY RANK - SIKKIM Sikkim - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gangtok (34,417) 1,691 0.004 48.60 0.01 Upper Tadong (17,314) 3,143 0.002 24.45 0.00 Others (19,087) 30,000 0.002 26.95 0.01 Total 0.008 100.00 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

32.3 CITIES SORTED BY DISTRICT - SIKKIM City by District - Sikkim: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Upper Tadong (East; 17,314) 3,143 0.002 24.45 0.00 Gangtok (East; 34,417) 1,691 0.004 48.60 0.01 Others (N/A; 19,087) 30,000 0.002 26.95 0.01 Total 0.008 100.00 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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33 TAMIL NADU 33.1 LATENT DEMAND BY YEAR - TAMIL NADU

The Latent Demand for Depilatories in Tamil Nadu: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 2.398 10.26 2005 2.590 10.07 2006 2.797 9.89 2007 3.020 9.70 2008 3.261 9.52 2009 3.518 9.36 2010 3.795 9.21 2011 4.093 9.06 2012 4.415 8.91 2013 4.762 8.76 2014 5.136 8.61 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Tamil Nadu - Top Cities: Depilatories in 2009

Chennai

Coimbatore

Madurai

Tiruchirappalli

Others

The Latent Demand for Depilatories in India and Tamil Nadu: 2009

Tamil NaduIndia

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33.2 CITIES SORTED BY RANK - TAMIL NADU Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chennai (4,475,653) 5 0.551 15.67 1.47 Coimbatore (979,873) 36 0.121 3.43 0.32 Madurai (979,691) 37 0.121 3.43 0.32 Tiruchirappalli (791,960) 49 0.098 2.77 0.26 Salem (735,884) 55 0.091 2.58 0.24 Tirunelveli (436,601) 89 0.054 1.53 0.14 Tiruppur (367,871) 105 0.045 1.29 0.12 Ambattur (321,101) 122 0.040 1.12 0.11 Avadi (245,119) 167 0.030 0.86 0.08 Thoothukkudi (229,350) 177 0.028 0.80 0.08 Thanjavur (228,996) 180 0.028 0.80 0.08 Tiruvottiyur (224,796) 183 0.028 0.79 0.07 Nagercoil (220,954) 191 0.027 0.77 0.07 Dindigul (208,715) 204 0.026 0.73 0.07 Vellore (188,327) 226 0.023 0.66 0.06 Cuddalore (168,324) 260 0.021 0.59 0.06 Kancheepuram (162,396) 273 0.020 0.57 0.05 Erode (160,485) 281 0.020 0.56 0.05 Alandur (155,145) 290 0.019 0.54 0.05 Pallavaram (152,842) 298 0.019 0.54 0.05 Kumbakonam (148,635) 304 0.018 0.52 0.05 Tambaram (146,075) 311 0.018 0.51 0.05 Tiruvannamalai (138,317) 327 0.017 0.48 0.05 Neyveli (136,016) 333 0.017 0.48 0.04 Rajapalayam (129,486) 353 0.016 0.45 0.04 Pudukkottai (115,649) 406 0.014 0.40 0.04 Ambur (105,998) 444 0.013 0.37 0.03 Viluppuram (101,310) 466 0.012 0.35 0.03 Valparai (100,804) 473 0.012 0.35 0.03 Udhagamandalam (99,699) 481 0.012 0.35 0.03 Nagapattinam (98,217) 486 0.012 0.34 0.03 Gudiyatham (96,997) 490 0.012 0.34 0.03 Pollachi (93,725) 511 0.012 0.33 0.03 Kovilpatti (92,838) 520 0.011 0.33 0.03 Karaikkudi (91,739) 530 0.011 0.32 0.03 Vaniyambadi (90,716) 535 0.011 0.32 0.03 Theni Allinagaram (90,679) 537 0.011 0.32 0.03 Hosur (89,501) 548 0.011 0.31 0.03 Mayiladuthurai (89,476) 550 0.011 0.31 0.03 Aruppukkottai (89,167) 553 0.011 0.31 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Paramakudi (87,298) 563 0.011 0.31 0.03 Tiruchengode (85,109) 576 0.010 0.30 0.03 Arakonam (82,218) 598 0.010 0.29 0.03 Kurichi (81,518) 604 0.010 0.29 0.03 Madavaram (81,517) 605 0.010 0.29 0.03 Karur (81,024) 609 0.010 0.28 0.03 Kadayanallur (80,255) 616 0.010 0.28 0.03 Bodinayakkanur (77,947) 639 0.010 0.27 0.03 Srivilliputhur (77,630) 643 0.010 0.27 0.03 Virudhunagar (77,494) 644 0.010 0.27 0.03 Veerappanchatram (77,074) 648 0.009 0.27 0.03 Sivakasi (76,610) 654 0.009 0.27 0.03 Tindivanam (71,999) 699 0.009 0.25 0.02 Palani (71,308) 706 0.009 0.25 0.02 Mettupalayam (70,393) 716 0.009 0.25 0.02 Kumarapalayam (69,678) 723 0.009 0.24 0.02 Pattukkottai (69,480) 724 0.009 0.24 0.02 Dharapuram (69,144) 729 0.009 0.24 0.02 Krishnagiri (69,024) 730 0.009 0.24 0.02 Dharmapuri (68,409) 736 0.008 0.24 0.02 Tenkasi (66,693) 745 0.008 0.23 0.02 Chengalpattu (66,484) 748 0.008 0.23 0.02 Ramanathapuram (65,789) 754 0.008 0.23 0.02 Mannargudi (65,377) 757 0.008 0.23 0.02 Arani (64,634) 766 0.008 0.23 0.02 Tirupathur (64,544) 767 0.008 0.23 0.02 Puliyankudi (63,842) 776 0.008 0.22 0.02 Virudhachalam (62,948) 788 0.008 0.22 0.02 Chidambaram (62,596) 793 0.008 0.22 0.02 Udumalaipettai (62,516) 795 0.008 0.22 0.02 Kambam (62,325) 797 0.008 0.22 0.02 Attur (61,727) 807 0.008 0.22 0.02 Kuniyamuthur (60,402) 820 0.007 0.21 0.02 Thiruvarur (59,742) 834 0.007 0.21 0.02 Panruti (58,808) 844 0.007 0.21 0.02 Gobichettipalayam (58,543) 847 0.007 0.21 0.02 Mettur (57,099) 871 0.007 0.20 0.02 Sankarankoil (56,911) 879 0.007 0.20 0.02 Namakkal (56,303) 894 0.007 0.20 0.02 Kasipalayam (55,730) 904 0.007 0.20 0.02 Avaniapuram (54,761) 918 0.007 0.19 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Arcot (53,359) 946 0.007 0.19 0.02 Coonoor (53,160) 949 0.007 0.19 0.02 Pammal (52,804) 959 0.007 0.18 0.02 Thiruthangal (52,165) 968 0.006 0.18 0.02 Edappadi (51,806) 978 0.006 0.18 0.02 Maraimalainagar (51,430) 988 0.006 0.18 0.02 Vikramasingapuram (51,060) 997 0.006 0.18 0.02 Ranipettai (50,142) 1,019 0.006 0.18 0.02 Goundampalayam (49,874) 1,025 0.006 0.17 0.02 Rasipuram (49,223) 1,040 0.006 0.17 0.02 Velampalayam (48,365) 1,061 0.006 0.17 0.02 Thiruvallur (48,317) 1,064 0.006 0.17 0.02 Sathuvachari (48,234) 1,065 0.006 0.17 0.02 Inam Karur (48,038) 1,070 0.006 0.17 0.02 Nellikuppam (46,910) 1,098 0.006 0.16 0.02 Maduravoyal (46,842) 1,100 0.006 0.16 0.02 Thirumangalam (46,039) 1,112 0.006 0.16 0.02 Gudalur (45,686) 1,118 0.006 0.16 0.01 Poonamallee (45,138) 1,133 0.006 0.16 0.01 St.Thomas Mount-cum-Pallavaram (45,071) 1,138 0.006 0.16 0.01 Nelliyalam (45,008) 1,141 0.006 0.16 0.01 Periyakulam (44,625) 1,152 0.005 0.16 0.01 Pernampattu (43,865) 1,165 0.005 0.15 0.01 Devakottai (43,359) 1,174 0.005 0.15 0.01 Sivaganga (42,598) 1,198 0.005 0.15 0.01 Nerkunram (41,977) 1,217 0.005 0.15 0.01 Thiruparankundram (41,409) 1,230 0.005 0.15 0.01 Bhavani (41,022) 1,237 0.005 0.14 0.01 Tiruttani (40,871) 1,242 0.005 0.14 0.01 Chinnamanur (40,685) 1,247 0.005 0.14 0.01 Anaiyur (40,658) 1,249 0.005 0.14 0.01 Rameswaram (40,375) 1,255 0.005 0.14 0.01 Kallakkurichi (39,002) 1,291 0.005 0.14 0.01 Melvisharam (38,931) 1,294 0.005 0.14 0.01 Manapparai (37,837) 1,323 0.005 0.13 0.01 Jolarpet (37,660) 1,331 0.005 0.13 0.01 Pallipalayam (37,380) 1,343 0.005 0.13 0.01 Tiruvethipuram (37,336) 1,345 0.005 0.13 0.01 Vellakoil (36,632) 1,362 0.005 0.13 0.01 Kollankodu (36,433) 1,372 0.004 0.13 0.01 Aranthangi (36,374) 1,374 0.004 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Melur (35,819) 1,390 0.004 0.13 0.01 Sathyamangalam (35,814) 1,392 0.004 0.13 0.01 Kodaikanal (34,957) 1,432 0.004 0.12 0.01 Ambasamudram (34,692) 1,444 0.004 0.12 0.01 Kayalpattinam (34,682) 1,445 0.004 0.12 0.01 Kattivakkam (34,559) 1,452 0.004 0.12 0.01 Sirkali (34,058) 1,471 0.004 0.12 0.01 Periyasemur (34,015) 1,475 0.004 0.12 0.01 Surampatti (33,689) 1,490 0.004 0.12 0.01 Anakaputhur (33,685) 1,491 0.004 0.12 0.01 Vedaranyam (33,680) 1,493 0.004 0.12 0.01 Thanthoni (33,481) 1,503 0.004 0.12 0.01 Sattur (33,198) 1,514 0.004 0.12 0.01 Jayankondam (33,192) 1,515 0.004 0.12 0.01 Thuraiyur (32,905) 1,533 0.004 0.12 0.01 Tiruverkadu (32,625) 1,542 0.004 0.11 0.01 Keelakarai (32,347) 1,555 0.004 0.11 0.01 S.Nallur (32,184) 1,562 0.004 0.11 0.01 Muttayyapuram (32,179) 1,563 0.004 0.11 0.01 Valasaravakkam (32,127) 1,566 0.004 0.11 0.01 Ramapuram (32,112) 1,567 0.004 0.11 0.01 Dharapadavedu (32,098) 1,568 0.004 0.11 0.01 Perambalur (31,525) 1,588 0.004 0.11 0.01 Vandavasi (31,434) 1,594 0.004 0.11 0.01 Usilampatti (31,420) 1,597 0.004 0.11 0.01 Edaganasalai (31,414) 1,599 0.004 0.11 0.01 Walajapet (31,285) 1,606 0.004 0.11 0.01 Thirunindravur (31,203) 1,608 0.004 0.11 0.01 Tiruchendur (31,134) 1,610 0.004 0.11 0.01 Kotagiri (30,979) 1,618 0.004 0.11 0.01 Palladam (30,938) 1,619 0.004 0.11 0.01 Maduranthakam (30,890) 1,621 0.004 0.11 0.01 Puzhithivakkam (30,875) 1,622 0.004 0.11 0.01 Melamadai (30,662) 1,638 0.004 0.11 0.01 Porur (30,553) 1,642 0.004 0.11 0.01 Kangeyam (30,100) 1,670 0.004 0.11 0.01 Manali (29,907) 1,675 0.004 0.10 0.01 Surandai (29,866) 1,676 0.004 0.10 0.01 Musiri (29,602) 1,692 0.004 0.10 0.01 Ariyalur (29,539) 1,698 0.004 0.10 0.01 Karamadai (29,509) 1,700 0.004 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Adiramapattinam (29,401) 1,707 0.004 0.10 0.01 Sankari (29,088) 1,724 0.004 0.10 0.01 Nandivaram-Guduvancheri (29,071) 1,726 0.004 0.10 0.01 Tirukkoyilur (28,776) 1,743 0.004 0.10 0.01 Kalakkad (28,688) 1,749 0.004 0.10 0.01 Shenkottai (28,464) 1,760 0.004 0.10 0.01 Mappilaiurani (28,451) 1,762 0.004 0.10 0.01 Allapuram (28,300) 1,770 0.003 0.10 0.01 Sholingur (28,233) 1,772 0.003 0.10 0.01 Manamadurai (27,901) 1,794 0.003 0.10 0.01 Karumathampatti (27,771) 1,800 0.003 0.10 0.01 Kulithalai (27,761) 1,801 0.003 0.10 0.01 Oggiyamduraipakkam (27,558) 1,808 0.003 0.10 0.01 Vadalur (27,495) 1,812 0.003 0.10 0.01 Edakalinadu (27,354) 1,819 0.003 0.10 0.01 Madukkarai (27,316) 1,821 0.003 0.10 0.01 Kalladaikurichi (27,292) 1,823 0.003 0.10 0.01 Polur (27,060) 1,837 0.003 0.09 0.01 Panagudi (27,009) 1,842 0.003 0.09 0.01 Chitlapakkam (26,848) 1,855 0.003 0.09 0.01 Kundrathur (26,568) 1,874 0.003 0.09 0.01 Kottur (26,537) 1,876 0.003 0.09 0.01 Thottipalayam (26,505) 1,878 0.003 0.09 0.01 Arumuganeri (26,327) 1,894 0.003 0.09 0.01 O' Valley (26,326) 1,896 0.003 0.09 0.01 Vadavalli (26,220) 1,905 0.003 0.09 0.01 Kethi (25,970) 1,925 0.003 0.09 0.01 Sulur (25,858) 1,933 0.003 0.09 0.01 Pallapatti (25,815) 1,940 0.003 0.09 0.01 Ponneri (25,694) 1,947 0.003 0.09 0.01 Oddanchatram (25,620) 1,950 0.003 0.09 0.01 Kottakuppam (25,557) 1,955 0.003 0.09 0.01 Vadakkuvalliyur (25,498) 1,961 0.003 0.09 0.01 Minjur (25,420) 1,969 0.003 0.09 0.01 Tirukalukundram (25,134) 1,989 0.003 0.09 0.01 Uthiramerur (25,108) 1,991 0.003 0.09 0.01 Kolachal (24,983) 2,003 0.003 0.09 0.01 Perungudi (24,926) 2,010 0.003 0.09 0.01 Ayakudi (24,850) 2,017 0.003 0.09 0.01 Chinnalapatti (24,790) 2,024 0.003 0.09 0.01 Edaikodu (24,755) 2,029 0.003 0.09 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ P.N.Patti (24,699) 2,036 0.003 0.09 0.01 Chengam (24,627) 2,041 0.003 0.09 0.01 Kurinjipadi (24,584) 2,045 0.003 0.09 0.01 Devarshola (24,505) 2,047 0.003 0.09 0.01 Andipatti Jakkampatti (24,406) 2,052 0.003 0.09 0.01 Kouthanallur (24,400) 2,053 0.003 0.09 0.01 Periyanaickenpalayam (24,331) 2,059 0.003 0.09 0.01 Uthamapalayam (24,278) 2,063 0.003 0.09 0.01 Thiruthuraipoondi (24,154) 2,070 0.003 0.08 0.01 Kattumannarkoil (24,078) 2,078 0.003 0.08 0.01 Sembakkam (24,066) 2,080 0.003 0.08 0.01 Natham (23,918) 2,089 0.003 0.08 0.01 Pacode (23,906) 2,092 0.003 0.08 0.01 Pallikaranai (23,887) 2,096 0.003 0.08 0.01 Avanashi (23,644) 2,117 0.003 0.08 0.01 Viswanatham (23,482) 2,136 0.003 0.08 0.01 Tharamangalam (23,451) 2,139 0.003 0.08 0.01 Kalapatti (23,448) 2,141 0.003 0.08 0.01 Batlagundu (23,361) 2,157 0.003 0.08 0.01 Veerapandi (23,259) 2,166 0.003 0.08 0.01 Nanjikottai (23,245) 2,169 0.003 0.08 0.01 Suriyampalayam (23,240) 2,170 0.003 0.08 0.01 Vadipatti (23,120) 2,187 0.003 0.08 0.01 Thiruparappu (23,058) 2,194 0.003 0.08 0.01 Sholavandan (22,994) 2,199 0.003 0.08 0.01 Manachanallur (22,826) 2,216 0.003 0.08 0.01 Vandiyur (22,784) 2,219 0.003 0.08 0.01 Thuvakudi (22,780) 2,220 0.003 0.08 0.01 Namagiripettai (22,766) 2,222 0.003 0.08 0.01 Thirupuvanam (22,754) 2,223 0.003 0.08 0.01 Brahmana Periya-Agraharam (22,584) 2,232 0.003 0.08 0.01 Lalgudi (22,508) 2,239 0.003 0.08 0.01 Vilangudi (22,369) 2,253 0.003 0.08 0.01 Peravurani (22,318) 2,262 0.003 0.08 0.01 Mecheri (22,313) 2,263 0.003 0.08 0.01 Parangipettai (22,187) 2,273 0.003 0.08 0.01 Thudiyalur (22,183) 2,274 0.003 0.08 0.01 Pudupattinam (22,183) 2,275 0.003 0.08 0.01 Gingee (22,182) 2,276 0.003 0.08 0.01 Thammampatti (22,168) 2,277 0.003 0.08 0.01 Padianallur (22,146) 2,280 0.003 0.08 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Tharangambadi (22,123) 2,283 0.003 0.08 0.01 Tittakudi (22,010) 2,296 0.003 0.08 0.01 Pallikonda (21,950) 2,302 0.003 0.08 0.01 Pappankurichi (21,696) 2,325 0.003 0.08 0.01 Harur (21,598) 2,341 0.003 0.08 0.01 Kuzhithurai (21,576) 2,342 0.003 0.08 0.01 Punjaipugalur (21,555) 2,347 0.003 0.08 0.01 Puzhal (21,546) 2,348 0.003 0.08 0.01 Wellington (21,464) 2,354 0.003 0.08 0.01 Madathukulam (21,455) 2,355 0.003 0.08 0.01 Sivagiri (21,400) 2,361 0.003 0.07 0.01 Karumandi Chellipalayam (21,382) 2,363 0.003 0.07 0.01 Mangadu (21,345) 2,365 0.003 0.07 0.01 Padmanabhapuram (21,285) 2,373 0.003 0.07 0.01 Veerakeralam (21,223) 2,383 0.003 0.07 0.01 Keezhapavur (21,186) 2,385 0.003 0.07 0.01 Unnamalaikadai (21,165) 2,391 0.003 0.07 0.01 Bhuvanagiri (21,099) 2,399 0.003 0.07 0.01 Vadakkanandal (21,079) 2,402 0.003 0.07 0.01 Kooraikundu (20,918) 2,415 0.003 0.07 0.01 Anthiyur (20,909) 2,420 0.003 0.07 0.01 Veeravanallur (20,892) 2,422 0.003 0.07 0.01 Kanniyakumari (20,889) 2,423 0.003 0.07 0.01 Balakrishnapuram (20,871) 2,427 0.003 0.07 0.01 Nilakkottai (20,838) 2,432 0.003 0.07 0.01 Thisayanvilai (20,760) 2,438 0.003 0.07 0.01 Chinnasalem (20,720) 2,441 0.003 0.07 0.01 Sirumugai (20,673) 2,448 0.003 0.07 0.01 Chettipalayam (20,571) 2,451 0.003 0.07 0.01 Udangudi (20,537) 2,453 0.003 0.07 0.01 Perungalathur (20,533) 2,454 0.003 0.07 0.01 Denkanikottai (20,520) 2,455 0.003 0.07 0.01 Aralvaimozhi (20,495) 2,458 0.003 0.07 0.01 Killiyur (20,461) 2,465 0.003 0.07 0.01 Ulundurpettai (20,435) 2,469 0.003 0.07 0.01 Kadayal (20,409) 2,472 0.003 0.07 0.01 Rosalpatti (20,333) 2,478 0.003 0.07 0.01 Marakkanam (20,331) 2,479 0.003 0.07 0.01 Llayangudi (20,275) 2,482 0.002 0.07 0.01 Thiruneermalai (20,189) 2,491 0.002 0.07 0.01 Pothatturpettai (19,848) 2,521 0.002 0.07 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Narasingapuram (19,826) 2,525 0.002 0.07 0.01 Ezhudesam (19,799) 2,527 0.002 0.07 0.01 Palakkodu (19,759) 2,530 0.002 0.07 0.01 Irugur (19,746) 2,531 0.002 0.07 0.01 Vasudevanallur (19,597) 2,547 0.002 0.07 0.01 A.Thirumuruganpoondi (19,595) 2,548 0.002 0.07 0.01 Thiruvattaru (19,536) 2,554 0.002 0.07 0.01 Velur (19,525) 2,555 0.002 0.07 0.01 Naravarikuppam (19,454) 2,561 0.002 0.07 0.01 Seithur (19,312) 2,578 0.002 0.07 0.01 Annur (19,280) 2,581 0.002 0.07 0.01 Senthamangalam (19,198) 2,591 0.002 0.07 0.01 Mulagumudu (19,172) 2,593 0.002 0.07 0.01 Verkilambi (19,088) 2,606 0.002 0.07 0.01 Mamsapuram (19,034) 2,614 0.002 0.07 0.01 Alangulam (19,025) 2,618 0.002 0.07 0.01 Chetpet (18,880) 2,634 0.002 0.07 0.01 Saravanampatti (18,728) 2,648 0.002 0.07 0.01 Suleeswaranpatti (18,723) 2,649 0.002 0.07 0.01 Vettaikaranpudur (18,676) 2,656 0.002 0.07 0.01 Nagavakulam (18,660) 2,659 0.002 0.07 0.01 Athimarapatti (18,605) 2,666 0.002 0.07 0.01 Peerkankaranai (18,599) 2,667 0.002 0.07 0.01 Kilkulam (18,419) 2,683 0.002 0.06 0.01 Kolathupalayam (18,387) 2,686 0.002 0.06 0.01 Vadakarai Keezhpadugai (18,382) 2,687 0.002 0.06 0.01 Muthupet (18,378) 2,689 0.002 0.06 0.01 Pazhugal (18,366) 2,690 0.002 0.06 0.01 Vellalur (18,358) 2,692 0.002 0.06 0.01 Pennadam (18,197) 2,704 0.002 0.06 0.01 Mallasamudram (18,179) 2,706 0.002 0.06 0.01 Koothappar (18,111) 2,716 0.002 0.06 0.01 Huligal (18,097) 2,719 0.002 0.06 0.01 Vengathur (18,049) 2,725 0.002 0.06 0.01 Perundurai (18,017) 2,733 0.002 0.06 0.01 Nazerath (17,985) 2,739 0.002 0.06 0.01 Kalinjur (17,959) 2,743 0.002 0.06 0.01 Alangayam (17,882) 2,752 0.002 0.06 0.01 Thiruverumbur (17,871) 2,753 0.002 0.06 0.01 Valvaithankoshtam (17,725) 2,766 0.002 0.06 0.01 Thiruvithankodu (17,716) 2,769 0.002 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kallukuttam (17,687) 2,774 0.002 0.06 0.01 Balapallam (17,662) 2,778 0.002 0.06 0.01 Anaimalai (17,575) 2,788 0.002 0.06 0.01 Madambakkam (17,575) 2,789 0.002 0.06 0.01 Ammainaickanur (17,565) 2,791 0.002 0.06 0.01 Nangavaram (17,439) 2,803 0.002 0.06 0.01 Singampuneri (17,425) 2,805 0.002 0.06 0.01 Papanasam (17,406) 2,807 0.002 0.06 0.01 Veerakkalpudur (17,364) 2,816 0.002 0.06 0.01 Paravai (17,352) 2,818 0.002 0.06 0.01 Pethanaickenpalayam (17,348) 2,819 0.002 0.06 0.01 Cheranmadevi (17,324) 2,822 0.002 0.06 0.01 Kondalampatti (17,303) 2,825 0.002 0.06 0.01 Thirumazhisai (17,288) 2,828 0.002 0.06 0.01 Kulasekarapuram (17,251) 2,831 0.002 0.06 0.01 Srivaikuntam (17,211) 2,835 0.002 0.06 0.01 Palavansathu (17,129) 2,845 0.002 0.06 0.01 Vazhapadi (17,113) 2,846 0.002 0.06 0.01 Gummidipoondi (17,107) 2,849 0.002 0.06 0.01 Thadikombu (17,081) 2,855 0.002 0.06 0.01 Sriperumbudur (17,075) 2,856 0.002 0.06 0.01 Kannankurichi (17,012) 2,864 0.002 0.06 0.01 Navalpattu (17,006) 2,866 0.002 0.06 0.01 Vathirairuppu (16,983) 2,868 0.002 0.06 0.01 Adikaratti (16,980) 2,869 0.002 0.06 0.01 Kannadendal (16,971) 2,870 0.002 0.06 0.01 Katpadi (16,905) 2,879 0.002 0.06 0.01 Sevilimedu (16,897) 2,881 0.002 0.06 0.01 Kothinallur (16,854) 2,883 0.002 0.06 0.01 Karungal (16,806) 2,891 0.002 0.06 0.01 Alampalayam (16,796) 2,894 0.002 0.06 0.01 Mandapam (16,771) 2,896 0.002 0.06 0.01 Neelankarai (16,653) 2,910 0.002 0.06 0.01 Nambiyur (16,614) 2,913 0.002 0.06 0.01 Neripperichal (16,594) 2,915 0.002 0.06 0.01 Thirunagar (16,506) 2,921 0.002 0.06 0.01 Chennimalai (16,481) 2,924 0.002 0.06 0.01 Sholinganallur (16,474) 2,925 0.002 0.06 0.01 Kathujuganapalli (16,441) 2,929 0.002 0.06 0.01 Vadamadurai (16,367) 2,937 0.002 0.06 0.01 Chinna Anuppanadi (16,363) 2,938 0.002 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Uthangarai (16,340) 2,946 0.002 0.06 0.01 Polichalur (16,272) 2,951 0.002 0.06 0.01 Thondi (16,239) 2,957 0.002 0.06 0.01 Pennagaram (16,235) 2,959 0.002 0.06 0.01 Nallur (16,205) 2,961 0.002 0.06 0.01 Naranammalpuram (16,175) 2,970 0.002 0.06 0.01 Madukkur (16,104) 2,984 0.002 0.06 0.01 Punjaipuliampatti (16,076) 2,989 0.002 0.06 0.01 Jambai (15,922) 3,007 0.002 0.06 0.01 Padirikuppam (15,908) 3,010 0.002 0.06 0.01 Pathamadai (15,886) 3,013 0.002 0.06 0.01 Madippakkam (15,859) 3,015 0.002 0.06 0.01 Timiri (15,858) 3,016 0.002 0.06 0.01 Zamin Uthukuli (15,786) 3,025 0.002 0.06 0.01 Kalugumalai (15,747) 3,027 0.002 0.06 0.01 Samalapuram (15,727) 3,029 0.002 0.06 0.01 Boothapandi (15,627) 3,038 0.002 0.05 0.01 Eruvadi (15,620) 3,039 0.002 0.05 0.01 Jagathala (15,559) 3,047 0.002 0.05 0.01 Karambakkam (15,489) 3,055 0.002 0.05 0.01 Arumanai (15,473) 3,059 0.002 0.05 0.01 Thiruvaiyaru (15,429) 3,070 0.002 0.05 0.01 Thevaram (15,393) 3,072 0.002 0.05 0.01 Vallam (15,387) 3,073 0.002 0.05 0.01 Salangapalayam (15,345) 3,078 0.002 0.05 0.01 Sambavar Vadagarai (15,326) 3,081 0.002 0.05 0.01 Muruganpalayam (15,319) 3,083 0.002 0.05 0.01 Kaveripattinam (15,304) 3,085 0.002 0.05 0.01 Palavakkam (15,253) 3,094 0.002 0.05 0.01 Ayyalur (15,246) 3,097 0.002 0.05 0.00 Ayyampettai (15,198) 3,102 0.002 0.05 0.00 Thorapadi (15,171) 3,106 0.002 0.05 0.00 Sathankulam (15,079) 3,113 0.002 0.05 0.00 Jalakandapuram (14,984) 3,128 0.002 0.05 0.00 Palayam (14,963) 3,133 0.002 0.05 0.00 Valavanur (14,901) 3,142 0.002 0.05 0.00 Elumalai (14,893) 3,144 0.002 0.05 0.00 Kariapatti (14,834) 3,150 0.002 0.05 0.00 Pothanur (14,826) 3,152 0.002 0.05 0.00 Thiagadurgam (14,803) 3,154 0.002 0.05 0.00 Kottivakkam (14,770) 3,157 0.002 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sentharapatti (14,746) 3,159 0.002 0.05 0.00 Mukkudal (14,728) 3,162 0.002 0.05 0.00 Arasiramani (14,672) 3,168 0.002 0.05 0.00 Ammapettai (14,666) 3,170 0.002 0.05 0.00 Thirunageswaram (14,664) 3,171 0.002 0.05 0.00 Lalpet (14,646) 3,173 0.002 0.05 0.00 Devadanapatti (14,619) 3,176 0.002 0.05 0.00 Kumarapuram (14,605) 3,180 0.002 0.05 0.00 Thiruvidaimarudur (14,604) 3,181 0.002 0.05 0.00 Thottiyam (14,603) 3,182 0.002 0.05 0.00 Ganapathipuram (14,493) 3,195 0.002 0.05 0.00 Sivanthipuram (14,490) 3,198 0.002 0.05 0.00 Ponmani (14,387) 3,207 0.002 0.05 0.00 Vilathikulam (14,373) 3,210 0.002 0.05 0.00 Chettiarpatti (14,339) 3,215 0.002 0.05 0.00 Vennanthur (14,304) 3,222 0.002 0.05 0.00 Kappiyarai (14,304) 3,223 0.002 0.05 0.00 Shenbakkam (14,287) 3,227 0.002 0.05 0.00 Venkarai (14,274) 3,230 0.002 0.05 0.00 Kuthalam (14,260) 3,232 0.002 0.05 0.00 Vettavalam (14,225) 3,239 0.002 0.05 0.00 Villukuri (14,221) 3,241 0.002 0.05 0.00 Vilavur (14,196) 3,247 0.002 0.05 0.00 Vandalur (14,130) 3,254 0.002 0.05 0.00 Kaliyakkavilai (14,126) 3,255 0.002 0.05 0.00 Kalambur (14,121) 3,257 0.002 0.05 0.00 Urapakkam (14,081) 3,262 0.002 0.05 0.00 Kodavasal (14,062) 3,266 0.002 0.05 0.00 Kamuthi (13,943) 3,284 0.002 0.05 0.00 Mudukulathur (13,938) 3,285 0.002 0.05 0.00 Kurudampalayam (13,937) 3,287 0.002 0.05 0.00 Odaipatti (13,923) 3,290 0.002 0.05 0.00 Dharasuram (13,828) 3,303 0.002 0.05 0.00 Karuppur (13,803) 3,310 0.002 0.05 0.00 Alur (13,762) 3,319 0.002 0.05 0.00 Sithurajapuram (13,729) 3,324 0.002 0.05 0.00 Aygudi (13,719) 3,327 0.002 0.05 0.00 Attayampatti (13,659) 3,337 0.002 0.05 0.00 Melagaram (13,651) 3,339 0.002 0.05 0.00 Kombai (13,609) 3,344 0.002 0.05 0.00 Ettayapuram (13,587) 3,347 0.002 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Agaram (13,570) 3,350 0.002 0.05 0.00 Sayapuram (13,558) 3,352 0.002 0.05 0.00 Acharipallam (13,527) 3,358 0.002 0.05 0.00 Kangeyanallur (13,452) 3,363 0.002 0.05 0.00 Thengampudur (13,448) 3,364 0.002 0.05 0.00 Kodumudi (13,448) 3,365 0.002 0.05 0.00 Bargur (13,351) 3,378 0.002 0.05 0.00 Thirukattupalli (13,340) 3,381 0.002 0.05 0.00 Thingalnagar (13,326) 3,384 0.002 0.05 0.00 Omalur (13,307) 3,389 0.002 0.05 0.00 Kaveripakkam (13,284) 3,393 0.002 0.05 0.00 Kilpennathur (13,273) 3,394 0.002 0.05 0.00 Mohanur (13,235) 3,399 0.002 0.05 0.00 Virupakshipuram (13,196) 3,405 0.002 0.05 0.00 Achampudur (13,170) 3,408 0.002 0.05 0.00 Pooluvapatti (13,166) 3,410 0.002 0.05 0.00 Vadugapatti (13,113) 3,420 0.002 0.05 0.00 Mandaikadu (13,109) 3,421 0.002 0.05 0.00 Arachalur (13,070) 3,432 0.002 0.05 0.00 Manimutharu (13,046) 3,436 0.002 0.05 0.00 Balasamudram (13,037) 3,440 0.002 0.05 0.00 Thathaiyangarpet (13,031) 3,443 0.002 0.05 0.00 Ariyappampalayam (13,029) 3,444 0.002 0.05 0.00 Sankarapuram (12,996) 3,445 0.002 0.05 0.00 Othakadai (12,935) 3,455 0.002 0.05 0.00 Kanakkampalayam (12,929) 3,457 0.002 0.05 0.00 Kamayagoundanpatti (12,913) 3,460 0.002 0.05 0.00 Ayyampalayam (12,877) 3,464 0.002 0.05 0.00 Muthur (12,805) 3,473 0.002 0.04 0.00 Azhagiapandiapuram (12,802) 3,475 0.002 0.04 0.00 Sithayankottai (12,793) 3,476 0.002 0.04 0.00 Iluppur (12,792) 3,477 0.002 0.04 0.00 Mamallapuram (12,790) 3,478 0.002 0.04 0.00 Sayalgudi (12,790) 3,479 0.002 0.04 0.00 Kariamangalam (12,773) 3,484 0.002 0.04 0.00 Karambakkudi (12,746) 3,490 0.002 0.04 0.00 Srimushnam (12,738) 3,492 0.002 0.04 0.00 S.Kodikulam (12,712) 3,496 0.002 0.04 0.00 Suchindram (12,688) 3,501 0.002 0.04 0.00 Vaniputhur (12,669) 3,506 0.002 0.04 0.00 Thakkolam (12,652) 3,510 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mulanur (12,635) 3,513 0.002 0.04 0.00 Neikkarapatti (12,623) 3,515 0.002 0.04 0.00 Kannampalayam (12,621) 3,516 0.002 0.04 0.00 Iluppaiyurani (12,572) 3,533 0.002 0.04 0.00 Puthalam (12,556) 3,535 0.002 0.04 0.00 Mallankinaru (12,530) 3,539 0.002 0.04 0.00 Seerapalli (12,503) 3,544 0.002 0.04 0.00 Vellimalai (12,481) 3,546 0.002 0.04 0.00 Palani Chettipatti (12,473) 3,547 0.002 0.04 0.00 Athur (12,464) 3,548 0.002 0.04 0.00 Komaralingam (12,459) 3,549 0.002 0.04 0.00 Ponnamaravathi (12,430) 3,556 0.002 0.04 0.00 Naduvattam (12,426) 3,557 0.002 0.04 0.00 Kuhalur (12,401) 3,560 0.002 0.04 0.00 Odaiyakulam (12,386) 3,561 0.002 0.04 0.00 Melachokkanathapuram (12,378) 3,563 0.002 0.04 0.00 Thalainayar (12,347) 3,566 0.002 0.04 0.00 Kallakudi (12,340) 3,567 0.002 0.04 0.00 Reethapuram (12,340) 3,568 0.002 0.04 0.00 Thenkarai (12,331) 3,570 0.002 0.04 0.00 Uthayendram (12,312) 3,572 0.002 0.04 0.00 Thirumalayampalayam (12,279) 3,577 0.002 0.04 0.00 B. Mallapuram (12,195) 3,591 0.002 0.04 0.00 Aduthurai alias Maruthuvakudi (12,160) 3,599 0.001 0.04 0.00 Periyakodiveri (12,148) 3,600 0.001 0.04 0.00 Maramangalathupatti (12,078) 3,614 0.001 0.04 0.00 Udayarpalayam (12,022) 3,625 0.001 0.04 0.00 Sholur (11,992) 3,629 0.001 0.04 0.00 Ammoor (11,991) 3,630 0.001 0.04 0.00 Valangaiman (11,979) 3,634 0.001 0.04 0.00 Papparapatti (11,969) 3,636 0.001 0.04 0.00 Aravakurichi (11,967) 3,637 0.001 0.04 0.00 Karunguzhi (11,958) 3,638 0.001 0.04 0.00 Avalpoondurai (11,921) 3,646 0.001 0.04 0.00 Kanjikoil (11,834) 3,658 0.001 0.04 0.00 Kurumbalur (11,808) 3,662 0.001 0.04 0.00 Kattuputhur (11,799) 3,664 0.001 0.04 0.00 Pudur (11,778) 3,671 0.001 0.04 0.00 Arumbavur (11,765) 3,674 0.001 0.04 0.00 Thenthamaraikulam (11,749) 3,675 0.001 0.04 0.00 Alanganallur (11,745) 3,676 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Lakkampatti (11,737) 3,678 0.001 0.04 0.00 Neelagiri (11,726) 3,679 0.001 0.04 0.00 S. Kannanur (11,724) 3,680 0.001 0.04 0.00 Mukasipidariyur (11,724) 3,681 0.001 0.04 0.00 R.S.Mangalam (11,723) 3,682 0.001 0.04 0.00 Narasimhanaickenpalayam (11,682) 3,685 0.001 0.04 0.00 Kelamangalam (11,670) 3,689 0.001 0.04 0.00 Hubbathala (11,649) 3,691 0.001 0.04 0.00 Paramathi (11,631) 3,693 0.001 0.04 0.00 Vedasandur (11,617) 3,694 0.001 0.04 0.00 Walajabad (11,527) 3,707 0.001 0.04 0.00 Kambainallur (11,514) 3,709 0.001 0.04 0.00 Puliyur (11,512) 3,711 0.001 0.04 0.00 Chinnakkampalayam (11,504) 3,713 0.001 0.04 0.00 Pallipalayam Agraharam (11,495) 3,714 0.001 0.04 0.00 Alangudi (11,403) 3,724 0.001 0.04 0.00 Ponnampatti (11,315) 3,745 0.001 0.04 0.00 Uthukkottai (11,294) 3,749 0.001 0.04 0.00 Ilampillai (11,283) 3,750 0.001 0.04 0.00 Kottaiyur (11,247) 3,756 0.001 0.04 0.00 Gangavalli (11,235) 3,759 0.001 0.04 0.00 Ganguvarpatti (11,219) 3,761 0.001 0.04 0.00 Veeraganur (11,182) 3,769 0.001 0.04 0.00 Krishnarayapuram (11,174) 3,771 0.001 0.04 0.00 Rayagiri (11,156) 3,773 0.001 0.04 0.00 Manavalakurichi (11,044) 3,800 0.001 0.04 0.00 Kannivadi (11,037) 3,803 0.001 0.04 0.00 Thiruppanandal (11,014) 3,805 0.001 0.04 0.00 Chinnavedampatti (10,986) 3,810 0.001 0.04 0.00 Periyapatti (10,969) 3,814 0.001 0.04 0.00 Kolathur (10,954) 3,819 0.001 0.04 0.00 Kembainaickenpalayam (10,939) 3,824 0.001 0.04 0.00 Kalappanaickenpatti (10,915) 3,836 0.001 0.04 0.00 Orathanadu (10,900) 3,839 0.001 0.04 0.00 Thamaraikulam (10,895) 3,840 0.001 0.04 0.00 Gangaikondan (10,885) 3,843 0.001 0.04 0.00 Marudur (10,833) 3,847 0.001 0.04 0.00 Nattapettai (10,817) 3,850 0.001 0.04 0.00 Killlai (10,813) 3,852 0.001 0.04 0.00 Marandahalli (10,797) 3,856 0.001 0.04 0.00 Kilkunda (10,774) 3,862 0.001 0.04 0.00 Velankanni (10,768) 3,864 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Panapakkam (10,766) 3,865 0.001 0.04 0.00 Vikravandi (10,765) 3,866 0.001 0.04 0.00 Pudupalayam (10,732) 3,873 0.001 0.04 0.00 Marungur (10,717) 3,876 0.001 0.04 0.00 Injambakkam (10,704) 3,878 0.001 0.04 0.00 Poolambadi (10,701) 3,881 0.001 0.04 0.00 Ethapur (10,673) 3,888 0.001 0.04 0.00 Uppidamangalam (10,657) 3,890 0.001 0.04 0.00 Modakurichi (10,653) 3,891 0.001 0.04 0.00 Padaiveedu (10,648) 3,892 0.001 0.04 0.00 Sirugamani (10,648) 3,893 0.001 0.04 0.00 Gopalasamudram (10,644) 3,894 0.001 0.04 0.00 Pullampadi (10,599) 3,902 0.001 0.04 0.00 Pudupatti (10,591) 3,905 0.001 0.04 0.00 Ayothiapattinam (10,568) 3,910 0.001 0.04 0.00 Neykkarappatti (10,522) 3,919 0.001 0.04 0.00 Nasiyanur (10,511) 3,921 0.001 0.04 0.00 Nannilam (10,488) 3,924 0.001 0.04 0.00 Kadathur (10,418) 3,935 0.001 0.04 0.00 Mallur (10,399) 3,937 0.001 0.04 0.00 Kalavai (10,361) 3,940 0.001 0.04 0.00 Chinnasekkadu (10,343) 3,945 0.001 0.04 0.00 Gandhi Naga (10,305) 3,953 0.001 0.04 0.00 Kadayampatti (10,287) 3,959 0.001 0.04 0.00 Othakalmandapam (10,277) 3,962 0.001 0.04 0.00 Keeranur (10,277) 3,963 0.001 0.04 0.00 Ashokapuram (10,271) 3,967 0.001 0.04 0.00 Boothipuram (10,215) 3,977 0.001 0.04 0.00 Nangavalli (10,201) 3,981 0.001 0.04 0.00 Vellakinar (10,200) 3,982 0.001 0.04 0.00 Punjai Thottakurichi (10,179) 3,990 0.001 0.04 0.00 Eraniel (10,142) 3,997 0.001 0.04 0.00 Vedapatti (10,132) 3,999 0.001 0.04 0.00 Sankaramanallur (10,128) 4,000 0.001 0.04 0.00 Sevugampatti (10,107) 4,004 0.001 0.04 0.00 Appakudal (10,101) 4,005 0.001 0.04 0.00 Pallapalayam (10,082) 4,011 0.001 0.04 0.00 Kayatharu (10,081) 4,013 0.001 0.04 0.00 Moolakaraipatti (10,067) 4,015 0.001 0.04 0.00 Neiyyur (10,062) 4,016 0.001 0.04 0.00 Kottaram (10,031) 4,019 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Alwarkurichi (10,028) 4,020 0.001 0.04 0.00 T.Kallupatti (10,020) 4,022 0.001 0.04 0.00 Hanumanthampatti (10,017) 4,024 0.001 0.04 0.00 Ilanji (10,003) 4,025 0.001 0.04 0.00 Pannaikadu (9,974) 4,030 0.001 0.03 0.00 Nemili (9,959) 4,033 0.001 0.03 0.00 Olagadam (9,958) 4,034 0.001 0.03 0.00 Ammavarikuppam (9,951) 4,035 0.001 0.03 0.00 Anjugramam (9,931) 4,039 0.001 0.03 0.00 Konavattam (9,926) 4,040 0.001 0.03 0.00 Naranapuram (9,917) 4,041 0.001 0.03 0.00 Erumaipatti (9,875) 4,045 0.001 0.03 0.00 Eral (9,855) 4,051 0.001 0.03 0.00 Thenambakkam (9,826) 4,055 0.001 0.03 0.00 Krishnasamudram (9,823) 4,056 0.001 0.03 0.00 Manalmedu (9,823) 4,057 0.001 0.03 0.00 Ottapparai (9,783) 4,064 0.001 0.03 0.00 Pillanallur (9,780) 4,065 0.001 0.03 0.00 P.Mettupalayam (9,701) 4,074 0.001 0.03 0.00 Vilankurichi (9,683) 4,076 0.001 0.03 0.00 Nandambakkam (9,652) 4,081 0.001 0.03 0.00 Puduvayal (9,638) 4,085 0.001 0.03 0.00 Natrampalli (9,634) 4,086 0.001 0.03 0.00 Athanur (9,569) 4,091 0.001 0.03 0.00 Acharapakkam (9,567) 4,092 0.001 0.03 0.00 Pudukadai (9,566) 4,093 0.001 0.03 0.00 Belur (9,562) 4,095 0.001 0.03 0.00 Poolampatti (9,554) 4,098 0.001 0.03 0.00 Avadattur (9,535) 4,102 0.001 0.03 0.00 Agastheeswaram (9,530) 4,104 0.001 0.03 0.00 Annamalai Nagar (9,526) 4,106 0.001 0.03 0.00 Myladi (9,512) 4,107 0.001 0.03 0.00 Sriramapuram (9,476) 4,116 0.001 0.03 0.00 Pannaipuram (9,473) 4,117 0.001 0.03 0.00 Peraiyur (9,426) 4,123 0.001 0.03 0.00 Palaganangudy (9,426) 4,124 0.001 0.03 0.00 Alwarthirunagiri (9,422) 4,126 0.001 0.03 0.00 Thirukarungudi (9,417) 4,127 0.001 0.03 0.00 Labbaikudikadu (9,363) 4,135 0.001 0.03 0.00 Tayilupatti (9,311) 4,143 0.001 0.03 0.00 Keeripatti (9,296) 4,146 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kollankoil (9,293) 4,149 0.001 0.03 0.00 Needamangalam (9,262) 4,156 0.001 0.03 0.00 Kolappalur (9,253) 4,157 0.001 0.03 0.00 Pallipattu (9,182) 4,167 0.001 0.03 0.00 Seevur (9,177) 4,168 0.001 0.03 0.00 Balakrishnampatti (9,125) 4,173 0.001 0.03 0.00 Pappireddipatti (9,120) 4,175 0.001 0.03 0.00 Manapakkam (9,118) 4,176 0.001 0.03 0.00 Dhaliyur (9,107) 4,178 0.001 0.03 0.00 Varadarajanpettai (9,101) 4,179 0.001 0.03 0.00 Sundarapandiam (9,073) 4,183 0.001 0.03 0.00 Thalakudi (9,056) 4,187 0.001 0.03 0.00 Panboli (9,055) 4,188 0.001 0.03 0.00 Thiruvennainallur (9,041) 4,190 0.001 0.03 0.00 Thittacheri (9,006) 4,194 0.001 0.03 0.00 Athani (8,973) 4,204 0.001 0.03 0.00 Melathiruppanthuruthi (8,926) 4,213 0.001 0.03 0.00 Nagojanahalli (8,919) 4,214 0.001 0.03 0.00 Thondamuthur (8,902) 4,218 0.001 0.03 0.00 Athipattu (8,898) 4,220 0.001 0.03 0.00 Mopperipalayam (8,814) 4,238 0.001 0.03 0.00 Thiruporur (8,813) 4,239 0.001 0.03 0.00 Palamedu (8,691) 4,250 0.001 0.03 0.00 Pattinam (8,691) 4,251 0.001 0.03 0.00 Kinathukadavu (8,656) 4,254 0.001 0.03 0.00 Perumuchi (8,641) 4,259 0.001 0.03 0.00 Harveypatti (8,635) 4,261 0.001 0.03 0.00 Vellottamparappu (8,629) 4,264 0.001 0.03 0.00 Thevur (8,622) 4,265 0.001 0.03 0.00 Alagappapuram (8,599) 4,269 0.001 0.03 0.00 Konganapuram (8,583) 4,275 0.001 0.03 0.00 Singaperumalkoil (8,553) 4,280 0.001 0.03 0.00 Vilapakkam (8,548) 4,281 0.001 0.03 0.00 Panaimarathupatti (8,546) 4,282 0.001 0.03 0.00 Mathigiri (8,544) 4,283 0.001 0.03 0.00 Odugathur (8,532) 4,285 0.001 0.03 0.00 V. Pudur (8,531) 4,286 0.001 0.03 0.00 Pennathur (8,507) 4,289 0.001 0.03 0.00 Sethiathoppu (8,452) 4,298 0.001 0.03 0.00 Thiruvalam (8,434) 4,306 0.001 0.03 0.00 Perur (8,425) 4,307 0.001 0.03 0.00 Uthukuli (8,417) 4,308 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Tamil Nadu - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mangalam (8,378) 4,311 0.001 0.03 0.00 Elathur (8,372) 4,312 0.001 0.03 0.00 Ettimadai (8,372) 4,313 0.001 0.03 0.00 Eriodu (8,350) 4,315 0.001 0.03 0.00 Pallathur (8,322) 4,322 0.001 0.03 0.00 Melattur (8,296) 4,327 0.001 0.03 0.00 Arimalam (8,292) 4,328 0.001 0.03 0.00 Ullur (8,258) 4,336 0.001 0.03 0.00 Keeramangalam (8,235) 4,337 0.001 0.03 0.00 Puvalur (8,221) 4,341 0.001 0.03 0.00 Pattiveeranpatti (8,220) 4,342 0.001 0.03 0.00 Sarcarsamakulam (8,203) 4,348 0.001 0.03 0.00 Sundarapandiapuram (8,179) 4,351 0.001 0.03 0.00 Chithode (8,168) 4,356 0.001 0.03 0.00 Periya Negamam (8,152) 4,359 0.001 0.03 0.00 Others (590,727) 30,000 0.073 2.07 0.19 Total 3.518 100.00 9.36 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

33.3 CITIES SORTED BY DISTRICT - TAMIL NADU City by District - Tamil Nadu: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ariyalur (Ariyalur; 29,539) 1,698 0.004 0.10 0.01 Varadarajanpettai (Ariyalur; 9,101) 4,179 0.001 0.03 0.00 Udayarpalayam (Ariyalur; 12,022) 3,625 0.001 0.04 0.00 Jayankondam (Ariyalur; 33,192) 1,515 0.004 0.12 0.01 Chennai (Chennai; 4,475,653) 5 0.551 15.67 1.47 Ashokapuram (Coimbatore; 10,271) 3,967 0.001 0.04 0.00 Kurudampalayam (Coimbatore; 13,937) 3,287 0.002 0.05 0.00 Veerakeralam (Coimbatore; 21,223) 2,383 0.003 0.07 0.01 Sarcarsamakulam (Coimbatore; 8,203) 4,348 0.001 0.03 0.00 Muruganpalayam (Coimbatore; 15,319) 3,083 0.002 0.05 0.01 Saravanampatti (Coimbatore; 18,728) 2,648 0.002 0.07 0.01 Periyanaickenpalayam (Coimbatore; 24,331) 2,059 0.003 0.09 0.01 Goundampalayam (Coimbatore; 49,874) 1,025 0.006 0.17 0.02 Coimbatore (Coimbatore; 979,873) 36 0.121 3.43 0.32 Kinathukadavu (Coimbatore; 8,656) 4,254 0.001 0.03 0.00 Karumathampatti (Coimbatore; 27,771) 1,800 0.003 0.10 0.01 Mopperipalayam (Coimbatore; 8,814) 4,238 0.001 0.03 0.00 Udumalaipettai (Coimbatore; 62,516) 795 0.008 0.22 0.02 Sankaramanallur (Coimbatore; 10,128) 4,000 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chinnavedampatti (Coimbatore; 10,986) 3,810 0.001 0.04 0.00 Madathukulam (Coimbatore; 21,455) 2,355 0.003 0.08 0.01 S.Nallur (Coimbatore; 32,184) 1,562 0.004 0.11 0.01 Othakalmandapam (Coimbatore; 10,277) 3,962 0.001 0.04 0.00 Thudiyalur (Coimbatore; 22,183) 2,274 0.003 0.08 0.01 Thirumalayampalayam (Coimbatore; 12,279) 3,577 0.002 0.04 0.00 Mangalam (Coimbatore; 8,378) 4,311 0.001 0.03 0.00 Kannampalayam (Coimbatore; 12,621) 3,516 0.002 0.04 0.00 Narasimhanaickenpalayam (Coimbatore; 11,682) 3,685 0.001 0.04 0.00 Vedapatti (Coimbatore; 10,132) 3,999 0.001 0.04 0.00 Odaiyakulam (Coimbatore; 12,386) 3,561 0.002 0.04 0.00 Karamadai (Coimbatore; 29,509) 1,700 0.004 0.10 0.01 Chettipalayam (Coimbatore; 7,942) 2,451 0.003 0.07 0.01 Veerapandi (Coimbatore; 23,259) 2,166 0.003 0.08 0.01 Dhaliyur (Coimbatore; 9,107) 4,178 0.001 0.03 0.00 Sulur (Coimbatore; 25,858) 1,933 0.003 0.09 0.01 Velampalayam (Coimbatore; 48,365) 1,061 0.006 0.17 0.02 Pollachi (Coimbatore; 93,725) 511 0.012 0.33 0.03 Vellakinar (Coimbatore; 10,200) 3,982 0.001 0.04 0.00 Sirumugai (Coimbatore; 20,673) 2,448 0.003 0.07 0.01 Irugur (Coimbatore; 19,746) 2,531 0.002 0.07 0.01 Perur (Coimbatore; 8,425) 4,307 0.001 0.03 0.00 Zamin Uthukuli (Coimbatore; 15,786) 3,025 0.002 0.06 0.01 Ettimadai (Coimbatore; 8,372) 4,313 0.001 0.03 0.00 Samalapuram (Coimbatore; 15,727) 3,029 0.002 0.06 0.01 Suleeswaranpatti (Coimbatore; 18,723) 2,649 0.002 0.07 0.01 Thottipalayam (Coimbatore; 26,505) 1,878 0.003 0.09 0.01 Kalapatti (Coimbatore; 23,448) 2,141 0.003 0.08 0.01 Kuniyamuthur (Coimbatore; 60,402) 820 0.007 0.21 0.02 Vadavalli (Coimbatore; 26,220) 1,905 0.003 0.09 0.01 Madukkarai (Coimbatore; 27,316) 1,821 0.003 0.10 0.01 Annur (Coimbatore; 19,280) 2,581 0.002 0.07 0.01 Kanakkampalayam (Coimbatore; 12,929) 3,457 0.002 0.05 0.00 Anaimalai (Coimbatore; 17,575) 2,788 0.002 0.06 0.01 Valparai (Coimbatore; 100,804) 473 0.012 0.35 0.03 Palladam (Coimbatore; 30,938) 1,619 0.004 0.11 0.01 Periya Negamam (Coimbatore; 8,152) 4,359 0.001 0.03 0.00 Thondamuthur (Coimbatore; 8,902) 4,218 0.001 0.03 0.00 Pooluvapatti (Coimbatore; 13,166) 3,410 0.002 0.05 0.00 Vellalur (Coimbatore; 18,358) 2,692 0.002 0.06 0.01 Thenkarai (Coimbatore; 7,609) 3,570 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Tiruppur (Coimbatore; 367,871) 105 0.045 1.29 0.12 Neripperichal (Coimbatore; 16,594) 2,915 0.002 0.06 0.01 Komaralingam (Coimbatore; 12,459) 3,549 0.002 0.04 0.00 A.Thirumuruganpoondi (Coimbatore; 19,595) 2,548 0.002 0.07 0.01 Vettaikaranpudur (Coimbatore; 18,676) 2,656 0.002 0.07 0.01 Avanashi (Coimbatore; 23,644) 2,117 0.003 0.08 0.01 Kottur (Coimbatore; 26,537) 1,876 0.003 0.09 0.01 Vilankurichi (Coimbatore; 9,683) 4,076 0.001 0.03 0.00 Kurichi (Coimbatore; 81,518) 604 0.010 0.29 0.03 Pallapalayam (Coimbatore; 10,082) 4,011 0.001 0.04 0.00 Virudhachalam (Cuddalore; 62,948) 788 0.008 0.22 0.02 Sethiathoppu (Cuddalore; 8,452) 4,298 0.001 0.03 0.00 Pennadam (Cuddalore; 18,197) 2,704 0.002 0.06 0.01 Panruti (Cuddalore; 58,808) 844 0.007 0.21 0.02 Kattumannarkoil (Cuddalore; 24,078) 2,078 0.003 0.08 0.01 Srimushnam (Cuddalore; 12,738) 3,492 0.002 0.04 0.00 Bhuvanagiri (Cuddalore; 21,099) 2,399 0.003 0.07 0.01 Parangipettai (Cuddalore; 22,187) 2,273 0.003 0.08 0.01 Annamalai Nagar (Cuddalore; 9,526) 4,106 0.001 0.03 0.00 Gangaikondan (Cuddalore; 10,885) 3,843 0.001 0.04 0.00 Thorapadi (Cuddalore; 5,899) 3,106 0.002 0.05 0.00 Padirikuppam (Cuddalore; 15,908) 3,010 0.002 0.06 0.01 Cuddalore (Cuddalore; 168,324) 260 0.021 0.59 0.06 Neyveli (Cuddalore; 136,016) 333 0.017 0.48 0.04 Killlai (Cuddalore; 10,813) 3,852 0.001 0.04 0.00 Kurinjipadi (Cuddalore; 24,584) 2,045 0.003 0.09 0.01 Tittakudi (Cuddalore; 22,010) 2,296 0.003 0.08 0.01 Chidambaram (Cuddalore; 62,596) 793 0.008 0.22 0.02 Nellikuppam (Cuddalore; 46,910) 1,098 0.006 0.16 0.02 Vadalur (Cuddalore; 27,495) 1,812 0.003 0.10 0.01 Lalpet (Cuddalore; 14,646) 3,173 0.002 0.05 0.00 Krishnagiri (Dharmapuri; 69,024) 730 0.009 0.24 0.02 Kadathur (Dharmapuri; 10,418) 3,935 0.001 0.04 0.00 Kelamangalam (Dharmapuri; 11,670) 3,689 0.001 0.04 0.00 Kathujuganapalli (Dharmapuri; 16,441) 2,929 0.002 0.06 0.01 Pappireddipatti (Dharmapuri; 9,120) 4,175 0.001 0.03 0.00 Bargur (Dharmapuri; 13,351) 3,378 0.002 0.05 0.00 Hosur (Dharmapuri; 89,501) 548 0.011 0.31 0.03 Pennagaram (Dharmapuri; 16,235) 2,959 0.002 0.06 0.01 Nagojanahalli (Dharmapuri; 8,919) 4,214 0.001 0.03 0.00 Marandahalli (Dharmapuri; 10,797) 3,856 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mathigiri (Dharmapuri; 8,544) 4,283 0.001 0.03 0.00 Kaveripattinam (Dharmapuri; 15,304) 3,085 0.002 0.05 0.01 Kambainallur (Dharmapuri; 11,514) 3,709 0.001 0.04 0.00 Uthangarai (Dharmapuri; 16,340) 2,946 0.002 0.06 0.01 Denkanikottai (Dharmapuri; 20,520) 2,455 0.003 0.07 0.01 Dharmapuri (Dharmapuri; 68,409) 736 0.008 0.24 0.02 Palakkodu (Dharmapuri; 19,759) 2,530 0.002 0.07 0.01 Harur (Dharmapuri; 21,598) 2,341 0.003 0.08 0.01 Kariamangalam (Dharmapuri; 12,773) 3,484 0.002 0.04 0.00 B. Mallapuram (Dharmapuri; 12,195) 3,591 0.002 0.04 0.00 Pannaikadu (Dindigul; 9,974) 4,030 0.001 0.03 0.00 Ammainaickanur (Dindigul; 17,565) 2,791 0.002 0.06 0.01 Nilakkottai (Dindigul; 20,838) 2,432 0.003 0.07 0.01 Batlagundu (Dindigul; 23,361) 2,157 0.003 0.08 0.01 Oddanchatram (Dindigul; 25,620) 1,950 0.003 0.09 0.01 Balasamudram (Dindigul; 13,037) 3,440 0.002 0.05 0.00 Pattiveeranpatti (Dindigul; 8,220) 4,342 0.001 0.03 0.00 Agaram (Dindigul; 13,570) 3,350 0.002 0.05 0.00 Palayam (Dindigul; 14,963) 3,133 0.002 0.05 0.00 Palani (Dindigul; 71,308) 706 0.009 0.25 0.02 Vadamadurai (Dindigul; 16,367) 2,937 0.002 0.06 0.01 Sevugampatti (Dindigul; 10,107) 4,004 0.001 0.04 0.00 Ayakudi (Dindigul; 24,850) 2,017 0.003 0.09 0.01 Ayyalur (Dindigul; 15,246) 3,097 0.002 0.05 0.00 Ayyampalayam (Dindigul; 12,877) 3,464 0.002 0.05 0.00 Balakrishnapuram (Dindigul; 20,871) 2,427 0.003 0.07 0.01 Neikkarapatti (Dindigul; 12,623) 3,515 0.002 0.04 0.00 Chinnalapatti (Dindigul; 24,790) 2,024 0.003 0.09 0.01 Sithayankottai (Dindigul; 12,793) 3,476 0.002 0.04 0.00 Thadikombu (Dindigul; 17,081) 2,855 0.002 0.06 0.01 Eriodu (Dindigul; 8,350) 4,315 0.001 0.03 0.00 Dindigul (Dindigul; 208,715) 204 0.026 0.73 0.07 Sriramapuram (Dindigul; 9,476) 4,116 0.001 0.03 0.00 Kodaikanal (Dindigul; 34,957) 1,432 0.004 0.12 0.01 Natham (Dindigul; 23,918) 2,089 0.003 0.08 0.01 Vedasandur (Dindigul; 11,617) 3,694 0.001 0.04 0.00 Perundurai (Erode; 18,017) 2,733 0.002 0.06 0.01 Kangeyam (Erode; 30,100) 1,670 0.004 0.11 0.01 Kollankoil (Erode; 9,293) 4,149 0.001 0.03 0.00 Kodumudi (Erode; 13,448) 3,365 0.002 0.05 0.00 Sathyamangalam (Erode; 35,814) 1,392 0.004 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Chennimalai (Erode; 16,481) 2,924 0.002 0.06 0.01 Dharapuram (Erode; 69,144) 729 0.009 0.24 0.02 Bhavani (Erode; 41,022) 1,237 0.005 0.14 0.01 Kembainaickenpalayam (Erode; 10,939) 3,824 0.001 0.04 0.00 Periyasemur (Erode; 34,015) 1,475 0.004 0.12 0.01 Kolappalur (Erode; 9,253) 4,157 0.001 0.03 0.00 Elathur (Erode; 8,372) 4,312 0.001 0.03 0.00 Brahmana Periya-Agraharam (Erode; 22,584) 2,232 0.003 0.08 0.01 Salangapalayam (Erode; 15,345) 3,078 0.002 0.05 0.01 Punjaipuliampatti (Erode; 16,076) 2,989 0.002 0.06 0.01 Kolathupalayam (Erode; 18,387) 2,686 0.002 0.06 0.01 Chithode (Erode; 8,168) 4,356 0.001 0.03 0.00 Jambai (Erode; 15,922) 3,007 0.002 0.06 0.01 Gobichettipalayam (Erode; 58,543) 847 0.007 0.21 0.02 Modakurichi (Erode; 10,653) 3,891 0.001 0.04 0.00 Athani (Erode; 8,973) 4,204 0.001 0.03 0.00 Erode (Erode; 160,485) 281 0.020 0.56 0.05 Surampatti (Erode; 33,689) 1,490 0.004 0.12 0.01 Suriyampalayam (Erode; 23,240) 2,170 0.003 0.08 0.01 Mulanur (Erode; 12,635) 3,513 0.002 0.04 0.00 Nambiyur (Erode; 16,614) 2,913 0.002 0.06 0.01 Nasiyanur (Erode; 10,511) 3,921 0.001 0.04 0.00 Mukasipidariyur (Erode; 11,724) 3,681 0.001 0.04 0.00 Chinnakkampalayam (Erode; 11,504) 3,713 0.001 0.04 0.00 Avalpoondurai (Erode; 11,921) 3,646 0.001 0.04 0.00 Arachalur (Erode; 13,070) 3,432 0.002 0.05 0.00 Appakudal (Erode; 10,101) 4,005 0.001 0.04 0.00 Anthiyur (Erode; 20,909) 2,420 0.003 0.07 0.01 Periyakodiveri (Erode; 12,148) 3,600 0.001 0.04 0.00 Vellakoil (Erode; 36,632) 1,362 0.005 0.13 0.01 Vellottamparappu (Erode; 8,629) 4,264 0.001 0.03 0.00 Muthur (Erode; 12,805) 3,473 0.002 0.04 0.00 Kuhalur (Erode; 12,401) 3,560 0.002 0.04 0.00 Ottapparai (Erode; 9,783) 4,064 0.001 0.03 0.00 Uthukuli (Erode; 8,417) 4,308 0.001 0.03 0.00 Vaniputhur (Erode; 12,669) 3,506 0.002 0.04 0.00 Karumandi Chellipalayam (Erode; 21,382) 2,363 0.003 0.07 0.01 Veerappanchatram (Erode; 77,074) 648 0.009 0.27 0.03 Olagadam (Erode; 9,958) 4,034 0.001 0.03 0.00 P.Mettupalayam (Erode; 9,701) 4,074 0.001 0.03 0.00 Ammapettai (Erode; 9,544) 3,170 0.002 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Lakkampatti (Erode; 11,737) 3,678 0.001 0.04 0.00 Ariyappampalayam (Erode; 13,029) 3,444 0.002 0.05 0.00 Kasipalayam (Erode; 9,005) 904 0.007 0.20 0.02 Kanjikoil (Erode; 11,834) 3,658 0.001 0.04 0.00 Kannivadi (Erode; 4,510) 3,803 0.001 0.04 0.00 Kottivakkam (Kancheepuram; 14,770) 3,157 0.002 0.05 0.00 Pudupattinam (Kancheepuram; 22,183) 2,275 0.003 0.08 0.01 Madambakkam (Kancheepuram; 17,575) 2,789 0.002 0.06 0.01 Kundrathur (Kancheepuram; 26,568) 1,874 0.003 0.09 0.01 Palavakkam (Kancheepuram; 15,253) 3,094 0.002 0.05 0.01 Pallavaram (Kancheepuram; 152,842) 298 0.019 0.54 0.05 Pallikaranai (Kancheepuram; 23,887) 2,096 0.003 0.08 0.01 Peerkankaranai (Kancheepuram; 18,599) 2,667 0.002 0.07 0.01 Pammal (Kancheepuram; 52,804) 959 0.007 0.18 0.02 Perungalathur (Kancheepuram; 20,533) 2,454 0.003 0.07 0.01 Nandivaram-Guduvancheri (Kancheepuram; 29,071) 1,726 0.004 0.10 0.01 Nandambakkam (Kancheepuram; 9,652) 4,081 0.001 0.03 0.00 Edakalinadu (Kancheepuram; 27,354) 1,819 0.003 0.10 0.01 Maraimalainagar (Kancheepuram; 51,430) 988 0.006 0.18 0.02 Manapakkam (Kancheepuram; 9,118) 4,176 0.001 0.03 0.00 Madippakkam (Kancheepuram; 15,859) 3,015 0.002 0.06 0.01 Mangadu (Kancheepuram; 21,345) 2,365 0.003 0.07 0.01 Neelankarai (Kancheepuram; 16,653) 2,910 0.002 0.06 0.01 Mamallapuram (Kancheepuram; 12,790) 3,478 0.002 0.04 0.00 Oggiyamduraipakkam (Kancheepuram; 27,558) 1,808 0.003 0.10 0.01 Maduranthakam (Kancheepuram; 30,890) 1,621 0.004 0.11 0.01 Nattapettai (Kancheepuram; 10,817) 3,850 0.001 0.04 0.00 Polichalur (Kancheepuram; 16,272) 2,951 0.002 0.06 0.01 Puzhithivakkam (Kancheepuram; 30,875) 1,622 0.004 0.11 0.01 Perungudi (Kancheepuram; 24,926) 2,010 0.003 0.09 0.01 Tambaram (Kancheepuram; 146,075) 311 0.018 0.51 0.05 Tirukalukundram (Kancheepuram; 25,134) 1,989 0.003 0.09 0.01 Sholinganallur (Kancheepuram; 16,474) 2,925 0.002 0.06 0.01 Singaperumalkoil (Kancheepuram; 8,553) 4,280 0.001 0.03 0.00 Thiruporur (Kancheepuram; 8,813) 4,239 0.001 0.03 0.00 Chengalpattu (Kancheepuram; 66,484) 748 0.008 0.23 0.02 Thiruneermalai (Kancheepuram; 20,189) 2,491 0.002 0.07 0.01 Ayyampettai (Kancheepuram; 6,392) 3,102 0.002 0.05 0.00 Thenambakkam (Kancheepuram; 9,826) 4,055 0.001 0.03 0.00 Sriperumbudur (Kancheepuram; 17,075) 2,856 0.002 0.06 0.01 St.Thomas Mount-cum-Pallavaram (Kancheepuram; 45,071) 1,138 0.006 0.16 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Walajabad (Kancheepuram; 11,527) 3,707 0.001 0.04 0.00 Uthiramerur (Kancheepuram; 25,108) 1,991 0.003 0.09 0.01 Urapakkam (Kancheepuram; 14,081) 3,262 0.002 0.05 0.00 Alandur (Kancheepuram; 155,145) 290 0.019 0.54 0.05 Karunguzhi (Kancheepuram; 11,958) 3,638 0.001 0.04 0.00 Chitlapakkam (Kancheepuram; 26,848) 1,855 0.003 0.09 0.01 Injambakkam (Kancheepuram; 10,704) 3,878 0.001 0.04 0.00 Acharapakkam (Kancheepuram; 9,567) 4,092 0.001 0.03 0.00 Sembakkam (Kancheepuram; 24,066) 2,080 0.003 0.08 0.01 Anakaputhur (Kancheepuram; 33,685) 1,491 0.004 0.12 0.01 Kancheepuram (Kancheepuram; 162,396) 273 0.020 0.57 0.05 Sevilimedu (Kancheepuram; 16,897) 2,881 0.002 0.06 0.01 Vandalur (Kancheepuram; 14,130) 3,254 0.002 0.05 0.00 Acharipallam (Kanniyakumari; 13,527) 3,358 0.002 0.05 0.00 Ezhudesam (Kanniyakumari; 19,799) 2,527 0.002 0.07 0.01 Ganapathipuram (Kanniyakumari; 14,493) 3,195 0.002 0.05 0.00 Nagercoil (Kanniyakumari; 220,954) 191 0.027 0.77 0.07 Nallur (Kanniyakumari; 16,205) 2,961 0.002 0.06 0.01 Villukuri (Kanniyakumari; 14,221) 3,241 0.002 0.05 0.00 Vilavur (Kanniyakumari; 14,196) 3,247 0.002 0.05 0.00 Suchindram (Kanniyakumari; 12,688) 3,501 0.002 0.04 0.00 Mandaikadu (Kanniyakumari; 13,109) 3,421 0.002 0.05 0.00 Eraniel (Kanniyakumari; 10,142) 3,997 0.001 0.04 0.00 Kanniyakumari (Kanniyakumari; 20,889) 2,423 0.003 0.07 0.01 Kappiyarai (Kanniyakumari; 14,304) 3,223 0.002 0.05 0.00 Kuzhithurai (Kanniyakumari; 21,576) 2,342 0.003 0.08 0.01 Pazhugal (Kanniyakumari; 18,366) 2,690 0.002 0.06 0.01 Unnamalaikadai (Kanniyakumari; 21,165) 2,391 0.003 0.07 0.01 Kadayal (Kanniyakumari; 20,409) 2,472 0.003 0.07 0.01 Karungal (Kanniyakumari; 16,806) 2,891 0.002 0.06 0.01 Padmanabhapuram (Kanniyakumari; 21,285) 2,373 0.003 0.07 0.01 Pudukadai (Kanniyakumari; 9,566) 4,093 0.001 0.03 0.00 Pacode (Kanniyakumari; 23,906) 2,092 0.003 0.08 0.01 Anjugramam (Kanniyakumari; 9,931) 4,039 0.001 0.03 0.00 Valvaithankoshtam (Kanniyakumari; 17,725) 2,766 0.002 0.06 0.01 Azhagiapandiapuram (Kanniyakumari; 12,802) 3,475 0.002 0.04 0.00 Neiyyur (Kanniyakumari; 10,062) 4,016 0.001 0.04 0.00 Balapallam (Kanniyakumari; 17,662) 2,778 0.002 0.06 0.01 Mulagumudu (Kanniyakumari; 19,172) 2,593 0.002 0.07 0.01 Manavalakurichi (Kanniyakumari; 11,044) 3,800 0.001 0.04 0.00 Thiruparappu (Kanniyakumari; 23,058) 2,194 0.003 0.08 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Alagappapuram (Kanniyakumari; 8,599) 4,269 0.001 0.03 0.00 Vellimalai (Kanniyakumari; 12,481) 3,546 0.002 0.04 0.00 Thingalnagar (Kanniyakumari; 13,326) 3,384 0.002 0.05 0.00 Myladi (Kanniyakumari; 9,512) 4,107 0.001 0.03 0.00 Marungur (Kanniyakumari; 10,717) 3,876 0.001 0.04 0.00 Agastheeswaram (Kanniyakumari; 9,530) 4,104 0.001 0.03 0.00 Aralvaimozhi (Kanniyakumari; 20,495) 2,458 0.003 0.07 0.01 Verkilambi (Kanniyakumari; 19,088) 2,606 0.002 0.07 0.01 Ponmani (Kanniyakumari; 14,387) 3,207 0.002 0.05 0.00 Thiruvattaru (Kanniyakumari; 19,536) 2,554 0.002 0.07 0.01 Boothapandi (Kanniyakumari; 15,627) 3,038 0.002 0.05 0.01 Kolachal (Kanniyakumari; 24,983) 2,003 0.003 0.09 0.01 Edaikodu (Kanniyakumari; 24,755) 2,029 0.003 0.09 0.01 Killiyur (Kanniyakumari; 20,461) 2,465 0.003 0.07 0.01 Thengampudur (Kanniyakumari; 13,448) 3,364 0.002 0.05 0.00 Thenthamaraikulam (Kanniyakumari; 11,749) 3,675 0.001 0.04 0.00 Kollankodu (Kanniyakumari; 36,433) 1,372 0.004 0.13 0.01 Thalakudi (Kanniyakumari; 9,056) 4,187 0.001 0.03 0.00 Arumanai (Kanniyakumari; 15,473) 3,059 0.002 0.05 0.01 Kulasekarapuram (Kanniyakumari; 17,251) 2,831 0.002 0.06 0.01 Puthalam (Kanniyakumari; 12,556) 3,535 0.002 0.04 0.00 Kumarapuram (Kanniyakumari; 14,605) 3,180 0.002 0.05 0.00 Kilkulam (Kanniyakumari; 18,419) 2,683 0.002 0.06 0.01 Thiruvithankodu (Kanniyakumari; 17,716) 2,769 0.002 0.06 0.01 Alur (Kanniyakumari; 13,762) 3,319 0.002 0.05 0.00 Kaliyakkavilai (Kanniyakumari; 14,126) 3,255 0.002 0.05 0.00 Kallukuttam (Kanniyakumari; 17,687) 2,774 0.002 0.06 0.01 Reethapuram (Kanniyakumari; 12,340) 3,568 0.002 0.04 0.00 Kothinallur (Kanniyakumari; 16,854) 2,883 0.002 0.06 0.01 Kottaram (Kanniyakumari; 10,031) 4,019 0.001 0.04 0.00 Uppidamangalam (Kapur; 10,657) 3,890 0.001 0.04 0.00 Thanthoni (Kapur; 33,481) 1,503 0.004 0.12 0.01 Marudur (Kapur; 10,833) 3,847 0.001 0.04 0.00 Puliyur (Kapur; 11,512) 3,711 0.001 0.04 0.00 Karur (Kapur; 81,024) 609 0.010 0.28 0.03 Punjai Thottakurichi (Kapur; 10,179) 3,990 0.001 0.04 0.00 Krishnarayapuram (Kapur; 11,174) 3,771 0.001 0.04 0.00 Punjaipugalur (Kapur; 21,555) 2,347 0.003 0.08 0.01 Kulithalai (Kapur; 27,761) 1,801 0.003 0.10 0.01 Aravakurichi (Kapur; 11,967) 3,637 0.001 0.04 0.00 Nangavaram (Kapur; 17,439) 2,803 0.002 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Inam Karur (Kapur; 48,038) 1,070 0.006 0.17 0.02 Othakadai (Madurai; 12,935) 3,455 0.002 0.05 0.00 Alanganallur (Madurai; 11,745) 3,676 0.001 0.04 0.00 Chinna Anuppanadi (Madurai; 16,363) 2,938 0.002 0.06 0.01 Peraiyur (Madurai; 9,426) 4,123 0.001 0.03 0.00 Thirumangalam (Madurai; 46,039) 1,112 0.006 0.16 0.02 Paravai (Madurai; 17,352) 2,818 0.002 0.06 0.01 Kannadendal (Madurai; 16,971) 2,870 0.002 0.06 0.01 Madurai (Madurai; 979,691) 37 0.121 3.43 0.32 Thirunagar (Madurai; 16,506) 2,921 0.002 0.06 0.01 Vilangudi (Madurai; 22,369) 2,253 0.003 0.08 0.01 Thiruparankundram (Madurai; 41,409) 1,230 0.005 0.15 0.01 Sholavandan (Madurai; 22,994) 2,199 0.003 0.08 0.01 Melamadai (Madurai; 30,662) 1,638 0.004 0.11 0.01 Anaiyur (Madurai; 40,658) 1,249 0.005 0.14 0.01 Nagavakulam (Madurai; 18,660) 2,659 0.002 0.07 0.01 Usilampatti (Madurai; 31,420) 1,597 0.004 0.11 0.01 T.Kallupatti (Madurai; 10,020) 4,022 0.001 0.04 0.00 Harveypatti (Madurai; 8,635) 4,261 0.001 0.03 0.00 Palamedu (Madurai; 8,691) 4,250 0.001 0.03 0.00 Vadipatti (Madurai; 23,120) 2,187 0.003 0.08 0.01 Melur (Madurai; 35,819) 1,390 0.004 0.13 0.01 Avaniapuram (Madurai; 54,761) 918 0.007 0.19 0.02 Vandiyur (Madurai; 22,784) 2,219 0.003 0.08 0.01 Elumalai (Madurai; 14,893) 3,144 0.002 0.05 0.00 Sirkali (Nagapattinam; 34,058) 1,471 0.004 0.12 0.01 Mayiladuthurai (Nagapattinam; 89,476) 550 0.011 0.31 0.03 Manalmedu (Nagapattinam; 9,823) 4,057 0.001 0.03 0.00 Thittacheri (Nagapattinam; 9,006) 4,194 0.001 0.03 0.00 Thalainayar (Nagapattinam; 12,347) 3,566 0.002 0.04 0.00 Kuthalam (Nagapattinam; 14,260) 3,232 0.002 0.05 0.00 Velankanni (Nagapattinam; 10,768) 3,864 0.001 0.04 0.00 Tharangambadi (Nagapattinam; 22,123) 2,283 0.003 0.08 0.01 Nagapattinam (Nagapattinam; 98,217) 486 0.012 0.34 0.03 Vedaranyam (Nagapattinam; 33,680) 1,493 0.004 0.12 0.01 Rasipuram (Namakkal; 49,223) 1,040 0.006 0.17 0.02 Senthamangalam (Namakkal; 19,198) 2,591 0.002 0.07 0.01 Alampalayam (Namakkal; 16,796) 2,894 0.002 0.06 0.01 Venkarai (Namakkal; 14,274) 3,230 0.002 0.05 0.00 Velur (Namakkal; 19,525) 2,555 0.002 0.07 0.01 Pallipalayam (Namakkal; 37,380) 1,343 0.005 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Pallipalayam Agraharam (Namakkal; 11,495) 3,714 0.001 0.04 0.00 Pattinam (Namakkal; 8,691) 4,251 0.001 0.03 0.00 Seerapalli (Namakkal; 12,503) 3,544 0.002 0.04 0.00 Vennanthur (Namakkal; 14,304) 3,222 0.002 0.05 0.00 Pothanur (Namakkal; 14,826) 3,152 0.002 0.05 0.00 Pillanallur (Namakkal; 9,780) 4,065 0.001 0.03 0.00 Tiruchengode (Namakkal; 85,109) 576 0.010 0.30 0.03 Periyapatti (Namakkal; 10,969) 3,814 0.001 0.04 0.00 Paramathi (Namakkal; 11,631) 3,693 0.001 0.04 0.00 Padaiveedu (Namakkal; 10,648) 3,892 0.001 0.04 0.00 Kalappanaickenpatti (Namakkal; 10,915) 3,836 0.001 0.04 0.00 Mohanur (Namakkal; 13,235) 3,399 0.002 0.05 0.00 Kumarapalayam (Namakkal; 69,678) 723 0.009 0.24 0.02 Athanur (Namakkal; 9,569) 4,091 0.001 0.03 0.00 Namagiripettai (Namakkal; 22,766) 2,222 0.003 0.08 0.01 Namakkal (Namakkal; 56,303) 894 0.007 0.20 0.02 Mallasamudram (Namakkal; 18,179) 2,706 0.002 0.06 0.01 Erumaipatti (Namakkal; 9,875) 4,045 0.001 0.03 0.00 Arumbavur (Perambalur; 11,765) 3,674 0.001 0.04 0.00 Labbaikudikadu (Perambalur; 9,363) 4,135 0.001 0.03 0.00 Kurumbalur (Perambalur; 11,808) 3,662 0.001 0.04 0.00 Perambalur (Perambalur; 31,525) 1,588 0.004 0.11 0.01 Poolambadi (Perambalur; 10,701) 3,881 0.001 0.04 0.00 Pudukkottai (Pudukkottai; 17,935) 406 0.014 0.40 0.04 Alangudi (Pudukkottai; 11,403) 3,724 0.001 0.04 0.00 Aranthangi (Pudukkottai; 36,374) 1,374 0.004 0.13 0.01 Karambakkudi (Pudukkottai; 12,746) 3,490 0.002 0.04 0.00 Keeranur (Pudukkottai; 10,277) 3,963 0.001 0.04 0.00 Keeramangalam (Pudukkottai; 8,235) 4,337 0.001 0.03 0.00 Arimalam (Pudukkottai; 8,292) 4,328 0.001 0.03 0.00 Ponnamaravathi (Pudukkottai; 12,430) 3,556 0.002 0.04 0.00 Iluppur (Pudukkottai; 12,792) 3,477 0.002 0.04 0.00 Mudukulathur (Ramanathapuram; 13,938) 3,285 0.002 0.05 0.00 Mandapam (Ramanathapuram; 16,771) 2,896 0.002 0.06 0.01 Thondi (Ramanathapuram; 16,239) 2,957 0.002 0.06 0.01 Rameswaram (Ramanathapuram; 40,375) 1,255 0.005 0.14 0.01 Paramakudi (Ramanathapuram; 87,298) 563 0.011 0.31 0.03 Keelakarai (Ramanathapuram; 32,347) 1,555 0.004 0.11 0.01 R.S.Mangalam (Ramanathapuram; 11,723) 3,682 0.001 0.04 0.00 Kamuthi (Ramanathapuram; 13,943) 3,284 0.002 0.05 0.00 Ramanathapuram (Ramanathapuram; 65,789) 754 0.008 0.23 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sayalgudi (Ramanathapuram; 12,790) 3,479 0.002 0.04 0.00 Maramangalathupatti (Salem; 12,078) 3,614 0.001 0.04 0.00 Panaimarathupatti (Salem; 8,546) 4,282 0.001 0.03 0.00 Pethanaickenpalayam (Salem; 17,348) 2,819 0.002 0.06 0.01 Edappadi (Salem; 51,806) 978 0.006 0.18 0.02 Sentharapatti (Salem; 14,746) 3,159 0.002 0.05 0.00 Arasiramani (Salem; 14,672) 3,168 0.002 0.05 0.00 Mettur (Salem; 57,099) 871 0.007 0.20 0.02 Mecheri (Salem; 22,313) 2,263 0.003 0.08 0.01 Avadattur (Salem; 9,535) 4,102 0.001 0.03 0.00 Edaganasalai (Salem; 31,414) 1,599 0.004 0.11 0.01 Vazhapadi (Salem; 17,113) 2,846 0.002 0.06 0.01 Nangavalli (Salem; 10,201) 3,981 0.001 0.04 0.00 Neykkarappatti (Salem; 10,522) 3,919 0.001 0.04 0.00 Veeraganur (Salem; 11,182) 3,769 0.001 0.04 0.00 Mallur (Salem; 10,399) 3,937 0.001 0.04 0.00 Omalur (Salem; 13,307) 3,389 0.002 0.05 0.00 Sankari (Salem; 29,088) 1,724 0.004 0.10 0.01 Narasingapuram (Salem; 19,826) 2,525 0.002 0.07 0.01 Veerakkalpudur (Salem; 17,364) 2,816 0.002 0.06 0.01 P.N.Patti (Salem; 24,699) 2,036 0.003 0.09 0.01 Ilampillai (Salem; 11,283) 3,750 0.001 0.04 0.00 Belur (Salem; 9,562) 4,095 0.001 0.03 0.00 Keeripatti (Salem; 9,296) 4,146 0.001 0.03 0.00 Kolathur (Salem; 10,954) 3,819 0.001 0.04 0.00 Kadayampatti (Salem; 10,287) 3,959 0.001 0.04 0.00 Attur (Salem; 61,727) 807 0.008 0.22 0.02 Ayothiapattinam (Salem; 10,568) 3,910 0.001 0.04 0.00 Karuppur (Salem; 13,803) 3,310 0.002 0.05 0.00 Papparapatti (Salem; 9,575) 3,636 0.001 0.04 0.00 Thammampatti (Salem; 22,168) 2,277 0.003 0.08 0.01 Tharamangalam (Salem; 23,451) 2,139 0.003 0.08 0.01 Jalakandapuram (Salem; 14,984) 3,128 0.002 0.05 0.00 Poolampatti (Salem; 9,554) 4,098 0.001 0.03 0.00 Ethapur (Salem; 10,673) 3,888 0.001 0.04 0.00 Salem (Salem; 735,884) 55 0.091 2.58 0.24 Kannankurichi (Salem; 17,012) 2,864 0.002 0.06 0.01 Kondalampatti (Salem; 17,303) 2,825 0.002 0.06 0.01 Gangavalli (Salem; 11,235) 3,759 0.001 0.04 0.00 Konganapuram (Salem; 8,583) 4,275 0.001 0.03 0.00 Thevur (Salem; 8,622) 4,265 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Attayampatti (Salem; 13,659) 3,337 0.002 0.05 0.00 Llayangudi (Sivaganga; 20,275) 2,482 0.002 0.07 0.01 Thirupuvanam (Sivaganga; 22,754) 2,223 0.003 0.08 0.01 Pallathur (Sivaganga; 8,322) 4,322 0.001 0.03 0.00 Kottaiyur (Sivaganga; 11,247) 3,756 0.001 0.04 0.00 Singampuneri (Sivaganga; 17,425) 2,805 0.002 0.06 0.01 Karaikkudi (Sivaganga; 91,739) 530 0.011 0.32 0.03 Manamadurai (Sivaganga; 27,901) 1,794 0.003 0.10 0.01 Sivaganga (Sivaganga; 42,598) 1,198 0.005 0.15 0.01 Devakottai (Sivaganga; 43,359) 1,174 0.005 0.15 0.01 Puduvayal (Sivaganga; 9,638) 4,085 0.001 0.03 0.00 Thiruppanandal (Thanjavur; 11,014) 3,805 0.001 0.04 0.00 Orathanadu (Thanjavur; 10,900) 3,839 0.001 0.04 0.00 Kumbakonam (Thanjavur; 148,635) 304 0.018 0.52 0.05 Thiruvaiyaru (Thanjavur; 15,429) 3,070 0.002 0.05 0.01 Papanasam (Thanjavur; 17,406) 2,807 0.002 0.06 0.01 Thirukattupalli (Thanjavur; 13,340) 3,381 0.002 0.05 0.00 Pattukkottai (Thanjavur; 69,480) 724 0.009 0.24 0.02 Adiramapattinam (Thanjavur; 29,401) 1,707 0.004 0.10 0.01 Aduthurai alias Maruthuvakudi (Thanjavur; 12,160) 3,599 0.001 0.04 0.00 Thanjavur (Thanjavur; 228,996) 180 0.028 0.80 0.08 Vallam (Thanjavur; 15,387) 3,073 0.002 0.05 0.01 Neelagiri (Thanjavur; 11,726) 3,679 0.001 0.04 0.00 Melathiruppanthuruthi (Thanjavur; 8,926) 4,213 0.001 0.03 0.00 Madukkur (Thanjavur; 16,104) 2,984 0.002 0.06 0.01 Ullur (Thanjavur; 8,258) 4,336 0.001 0.03 0.00 Thiruvidaimarudur (Thanjavur; 14,604) 3,181 0.002 0.05 0.00 Dharasuram (Thanjavur; 13,828) 3,303 0.002 0.05 0.00 Melattur (Thanjavur; 8,296) 4,327 0.001 0.03 0.00 Peravurani (Thanjavur; 22,318) 2,262 0.003 0.08 0.01 Thirunageswaram (Thanjavur; 14,664) 3,171 0.002 0.05 0.00 Nanjikottai (Thanjavur; 23,245) 2,169 0.003 0.08 0.01 Kotagiri (The Nilgiris; 30,979) 1,618 0.004 0.11 0.01 Coonoor (The Nilgiris; 53,160) 949 0.007 0.19 0.02 Kethi (The Nilgiris; 25,970) 1,925 0.003 0.09 0.01 Jagathala (The Nilgiris; 15,559) 3,047 0.002 0.05 0.01 Kilkunda (The Nilgiris; 10,774) 3,862 0.001 0.04 0.00 Devarshola (The Nilgiris; 24,505) 2,047 0.003 0.09 0.01 Adikaratti (The Nilgiris; 16,980) 2,869 0.002 0.06 0.01 Nelliyalam (The Nilgiris; 45,008) 1,141 0.006 0.16 0.01 Naduvattam (The Nilgiris; 12,426) 3,557 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sholur (The Nilgiris; 11,992) 3,629 0.001 0.04 0.00 Udhagamandalam (The Nilgiris; 99,699) 481 0.012 0.35 0.03 Gudalur (The Nilgiris; 45,686) 1,118 0.006 0.16 0.01 Wellington (The Nilgiris; 21,464) 2,354 0.003 0.08 0.01 Hubbathala (The Nilgiris; 11,649) 3,691 0.001 0.04 0.00 Huligal (The Nilgiris; 18,097) 2,719 0.002 0.06 0.01 O' Valley (The Nilgiris; 26,326) 1,896 0.003 0.09 0.01 Andipatti Jakkampatti (Theni; 24,406) 2,052 0.003 0.09 0.01 Thevaram (Theni; 15,393) 3,072 0.002 0.05 0.01 Periyakulam (Theni; 44,625) 1,152 0.005 0.16 0.01 Ganguvarpatti (Theni; 11,219) 3,761 0.001 0.04 0.00 Palani Chettipatti (Theni; 12,473) 3,547 0.002 0.04 0.00 Theni Allinagaram (Theni; 90,679) 537 0.011 0.32 0.03 Bodinayakkanur (Theni; 77,947) 639 0.010 0.27 0.03 Pudupatti (Theni; 10,591) 3,905 0.001 0.04 0.00 Chinnamanur (Theni; 40,685) 1,247 0.005 0.14 0.01 Boothipuram (Theni; 10,215) 3,977 0.001 0.04 0.00 Thamaraikulam (Theni; 10,895) 3,840 0.001 0.04 0.00 Devadanapatti (Theni; 14,619) 3,176 0.002 0.05 0.00 Kombai (Theni; 13,609) 3,344 0.002 0.05 0.00 Vadugapatti (Theni; 13,113) 3,420 0.002 0.05 0.00 Uthamapalayam (Theni; 24,278) 2,063 0.003 0.09 0.01 Pannaipuram (Theni; 9,473) 4,117 0.001 0.03 0.00 Melachokkanathapuram (Theni; 12,378) 3,563 0.002 0.04 0.00 Odaipatti (Theni; 13,923) 3,290 0.002 0.05 0.00 Kambam (Theni; 62,325) 797 0.008 0.22 0.02 Kamayagoundanpatti (Theni; 12,913) 3,460 0.002 0.05 0.00 Hanumanthampatti (Theni; 10,017) 4,024 0.001 0.04 0.00 Ammavarikuppam (Thiruvallur; 9,951) 4,035 0.001 0.03 0.00 Uthukkottai (Thiruvallur; 11,294) 3,749 0.001 0.04 0.00 Karambakkam (Thiruvallur; 15,489) 3,055 0.002 0.05 0.01 Athipattu (Thiruvallur; 8,898) 4,220 0.001 0.03 0.00 Gummidipoondi (Thiruvallur; 17,107) 2,849 0.002 0.06 0.01 Ambattur (Thiruvallur; 321,101) 122 0.040 1.12 0.11 Valasaravakkam (Thiruvallur; 32,127) 1,566 0.004 0.11 0.01 Pallipattu (Thiruvallur; 9,182) 4,167 0.001 0.03 0.00 Tiruttani (Thiruvallur; 40,871) 1,242 0.005 0.14 0.01 Kattivakkam (Thiruvallur; 34,559) 1,452 0.004 0.12 0.01 Avadi (Thiruvallur; 245,119) 167 0.030 0.86 0.08 Minjur (Thiruvallur; 25,420) 1,969 0.003 0.09 0.01 Tiruvottiyur (Thiruvallur; 224,796) 183 0.028 0.79 0.07 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Manali (Thiruvallur; 29,907) 1,675 0.004 0.10 0.01 Puzhal (Thiruvallur; 21,546) 2,348 0.003 0.08 0.01 Thiruvallur (Thiruvallur; 48,317) 1,064 0.006 0.17 0.02 Naravarikuppam (Thiruvallur; 19,454) 2,561 0.002 0.07 0.01 Chinnasekkadu (Thiruvallur; 10,343) 3,945 0.001 0.04 0.00 Tiruverkadu (Thiruvallur; 32,625) 1,542 0.004 0.11 0.01 Padianallur (Thiruvallur; 22,146) 2,280 0.003 0.08 0.01 Ponneri (Thiruvallur; 25,694) 1,947 0.003 0.09 0.01 Poonamallee (Thiruvallur; 45,138) 1,133 0.006 0.16 0.01 Porur (Thiruvallur; 30,553) 1,642 0.004 0.11 0.01 Maduravoyal (Thiruvallur; 46,842) 1,100 0.006 0.16 0.02 Pothatturpettai (Thiruvallur; 19,848) 2,521 0.002 0.07 0.01 Thirumazhisai (Thiruvallur; 17,288) 2,828 0.002 0.06 0.01 Nerkunram (Thiruvallur; 41,977) 1,217 0.005 0.15 0.01 Vengathur (Thiruvallur; 18,049) 2,725 0.002 0.06 0.01 Ramapuram (Thiruvallur; 32,112) 1,567 0.004 0.11 0.01 Thirunindravur (Thiruvallur; 31,203) 1,608 0.004 0.11 0.01 Madavaram (Thiruvallur; 81,517) 605 0.010 0.29 0.03 Valangaiman (Thiruvarur; 11,979) 3,634 0.001 0.04 0.00 Needamangalam (Thiruvarur; 9,262) 4,156 0.001 0.03 0.00 Mannargudi (Thiruvarur; 65,377) 757 0.008 0.23 0.02 Nannilam (Thiruvarur; 10,488) 3,924 0.001 0.04 0.00 Thiruvarur (Thiruvarur; 59,742) 834 0.007 0.21 0.02 Muthupet (Thiruvarur; 18,378) 2,689 0.002 0.06 0.01 Kouthanallur (Thiruvarur; 24,400) 2,053 0.003 0.09 0.01 Thiruthuraipoondi (Thiruvarur; 24,154) 2,070 0.003 0.08 0.01 Kodavasal (Thiruvarur; 14,062) 3,266 0.002 0.05 0.00 Musiri (Tiruchirappalli; 29,602) 1,692 0.004 0.10 0.01 Koothappar (Tiruchirappalli; 18,111) 2,716 0.002 0.06 0.01 Palaganangudy (Tiruchirappalli; 9,426) 4,124 0.001 0.03 0.00 Navalpattu (Tiruchirappalli; 17,006) 2,866 0.002 0.06 0.01 Kallakudi (Tiruchirappalli; 12,340) 3,567 0.002 0.04 0.00 Thuraiyur (Tiruchirappalli; 32,905) 1,533 0.004 0.12 0.01 Thiruverumbur (Tiruchirappalli; 17,871) 2,753 0.002 0.06 0.01 Manachanallur (Tiruchirappalli; 22,826) 2,216 0.003 0.08 0.01 Ponnampatti (Tiruchirappalli; 11,315) 3,745 0.001 0.04 0.00 Puvalur (Tiruchirappalli; 8,221) 4,341 0.001 0.03 0.00 Thathaiyangarpet (Tiruchirappalli; 13,031) 3,443 0.002 0.05 0.00 Pullampadi (Tiruchirappalli; 10,599) 3,902 0.001 0.04 0.00 Thuvakudi (Tiruchirappalli; 22,780) 2,220 0.003 0.08 0.01 Lalgudi (Tiruchirappalli; 22,508) 2,239 0.003 0.08 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kattuputhur (Tiruchirappalli; 11,799) 3,664 0.001 0.04 0.00 Manapparai (Tiruchirappalli; 37,837) 1,323 0.005 0.13 0.01 Tiruchirappalli (Tiruchirappalli; 791,960) 49 0.098 2.77 0.26 Balakrishnampatti (Tiruchirappalli; 9,125) 4,173 0.001 0.03 0.00 S. Kannanur (Tiruchirappalli; 11,724) 3,680 0.001 0.04 0.00 Pappankurichi (Tiruchirappalli; 21,696) 2,325 0.003 0.08 0.01 Krishnasamudram (Tiruchirappalli; 9,823) 4,056 0.001 0.03 0.00 Mettupalayam (Tiruchirappalli; 8,002) 716 0.009 0.25 0.02 Sirugamani (Tiruchirappalli; 10,648) 3,893 0.001 0.04 0.00 Thottiyam (Tiruchirappalli; 14,603) 3,182 0.002 0.05 0.00 Eruvadi (Tirunelveli; 15,620) 3,039 0.002 0.05 0.01 Vikramasingapuram (Tirunelveli; 51,060) 997 0.006 0.18 0.02 Achampudur (Tirunelveli; 13,170) 3,408 0.002 0.05 0.00 Surandai (Tirunelveli; 29,866) 1,676 0.004 0.10 0.01 Tenkasi (Tirunelveli; 66,693) 745 0.008 0.23 0.02 Sundarapandiapuram (Tirunelveli; 8,179) 4,351 0.001 0.03 0.00 Thirukarungudi (Tirunelveli; 9,417) 4,127 0.001 0.03 0.00 Kadayanallur (Tirunelveli; 80,255) 616 0.010 0.28 0.03 Kalakkad (Tirunelveli; 28,688) 1,749 0.004 0.10 0.01 Veeravanallur (Tirunelveli; 20,892) 2,422 0.003 0.07 0.01 Thisayanvilai (Tirunelveli; 20,760) 2,438 0.003 0.07 0.01 Alwarkurichi (Tirunelveli; 10,028) 4,020 0.001 0.04 0.00 Tirunelveli (Tirunelveli; 436,601) 89 0.054 1.53 0.14 Vadakkuvalliyur (Tirunelveli; 25,498) 1,961 0.003 0.09 0.01 Vadakarai Keezhpadugai (Tirunelveli; 18,382) 2,687 0.002 0.06 0.01 Vasudevanallur (Tirunelveli; 19,597) 2,547 0.002 0.07 0.01 Aygudi (Tirunelveli; 13,719) 3,327 0.002 0.05 0.00 Ambasamudram (Tirunelveli; 34,692) 1,444 0.004 0.12 0.01 Kalladaikurichi (Tirunelveli; 27,292) 1,823 0.003 0.10 0.01 Melagaram (Tirunelveli; 13,651) 3,339 0.002 0.05 0.00 Mukkudal (Tirunelveli; 14,728) 3,162 0.002 0.05 0.00 Gopalasamudram (Tirunelveli; 10,644) 3,894 0.001 0.04 0.00 Pathamadai (Tirunelveli; 15,886) 3,013 0.002 0.06 0.01 Moolakaraipatti (Tirunelveli; 10,067) 4,015 0.001 0.04 0.00 Sankarankoil (Tirunelveli; 56,911) 879 0.007 0.20 0.02 Sivagiri (Tirunelveli; 21,400) 2,361 0.003 0.07 0.01 Naranammalpuram (Tirunelveli; 16,175) 2,970 0.002 0.06 0.01 Sambavar Vadagarai (Tirunelveli; 15,326) 3,081 0.002 0.05 0.01 Panagudi (Tirunelveli; 27,009) 1,842 0.003 0.09 0.01 Shenkottai (Tirunelveli; 28,464) 1,760 0.004 0.10 0.01 Panboli (Tirunelveli; 9,055) 4,188 0.001 0.03 0.00 Puliyankudi (Tirunelveli; 63,842) 776 0.008 0.22 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Rayagiri (Tirunelveli; 11,156) 3,773 0.001 0.04 0.00 Keezhapavur (Tirunelveli; 21,186) 2,385 0.003 0.07 0.01 Ilanji (Tirunelveli; 10,003) 4,025 0.001 0.04 0.00 Pudur (Tirunelveli; 11,778) 3,671 0.001 0.04 0.00 Manimutharu (Tirunelveli; 13,046) 3,436 0.002 0.05 0.00 Sivanthipuram (Tirunelveli; 14,490) 3,198 0.002 0.05 0.00 Cheranmadevi (Tirunelveli; 17,324) 2,822 0.002 0.06 0.01 Chengam (Tiruvanamalai; 24,627) 2,041 0.003 0.09 0.01 Tiruvethipuram (Tiruvanamalai; 37,336) 1,345 0.005 0.13 0.01 Kalambur (Tiruvanamalai; 14,121) 3,257 0.002 0.05 0.00 Arani (Tiruvanamalai; 64,634) 766 0.008 0.23 0.02 Tiruvannamalai (Tiruvanamalai; 138,317) 327 0.017 0.48 0.05 Chetpet (Tiruvanamalai; 18,880) 2,634 0.002 0.07 0.01 Vettavalam (Tiruvanamalai; 14,225) 3,239 0.002 0.05 0.00 Pudupalayam (Tiruvanamalai; 10,732) 3,873 0.001 0.04 0.00 Polur (Tiruvanamalai; 27,060) 1,837 0.003 0.09 0.01 Kilpennathur (Tiruvanamalai; 13,273) 3,394 0.002 0.05 0.00 Vandavasi (Tiruvanamalai; 31,434) 1,594 0.004 0.11 0.01 Tiruchendur (Toothukudi; 31,134) 1,610 0.004 0.11 0.01 Athur (Toothukudi; 10,038) 3,548 0.002 0.04 0.00 Athimarapatti (Toothukudi; 18,605) 2,666 0.002 0.07 0.01 Vilathikulam (Toothukudi; 14,373) 3,210 0.002 0.05 0.00 Sayapuram (Toothukudi; 13,558) 3,352 0.002 0.05 0.00 Nazerath (Toothukudi; 17,985) 2,739 0.002 0.06 0.01 Srivaikuntam (Toothukudi; 17,211) 2,835 0.002 0.06 0.01 Eral (Toothukudi; 9,855) 4,051 0.001 0.03 0.00 Kayatharu (Toothukudi; 10,081) 4,013 0.001 0.04 0.00 Muttayyapuram (Toothukudi; 32,179) 1,563 0.004 0.11 0.01 Alwarthirunagiri (Toothukudi; 9,422) 4,126 0.001 0.03 0.00 V. Pudur (Toothukudi; 8,531) 4,286 0.001 0.03 0.00 Thoothukkudi (Toothukudi; 229,350) 177 0.028 0.80 0.08 Iluppaiyurani (Toothukudi; 12,572) 3,533 0.002 0.04 0.00 Udangudi (Toothukudi; 20,537) 2,453 0.003 0.07 0.01 Arumuganeri (Toothukudi; 26,327) 1,894 0.003 0.09 0.01 Mappilaiurani (Toothukudi; 28,451) 1,762 0.004 0.10 0.01 Ettayapuram (Toothukudi; 13,587) 3,347 0.002 0.05 0.00 Kalugumalai (Toothukudi; 15,747) 3,027 0.002 0.06 0.01 Kayalpattinam (Toothukudi; 34,682) 1,445 0.004 0.12 0.01 Kovilpatti (Toothukudi; 92,838) 520 0.011 0.33 0.03 Sathankulam (Toothukudi; 15,079) 3,113 0.002 0.05 0.00 Ranipettai (Vellore; 50,142) 1,019 0.006 0.18 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Thakkolam (Vellore; 12,652) 3,510 0.002 0.04 0.00 Pennathur (Vellore; 8,507) 4,289 0.001 0.03 0.00 Konavattam (Vellore; 9,926) 4,040 0.001 0.03 0.00 Palavansathu (Vellore; 17,129) 2,845 0.002 0.06 0.01 Perumuchi (Vellore; 8,641) 4,259 0.001 0.03 0.00 Pernampattu (Vellore; 43,865) 1,165 0.005 0.15 0.01 Timiri (Vellore; 15,858) 3,016 0.002 0.06 0.01 Panapakkam (Vellore; 10,766) 3,865 0.001 0.04 0.00 Pallikonda (Vellore; 21,950) 2,302 0.003 0.08 0.01 Tirupathur (Vellore; 64,544) 767 0.008 0.23 0.02 Odugathur (Vellore; 8,532) 4,285 0.001 0.03 0.00 Vellore (Vellore; 188,327) 226 0.023 0.66 0.06 Melvisharam (Vellore; 38,931) 1,294 0.005 0.14 0.01 Arakonam (Vellore; 82,218) 598 0.010 0.29 0.03 Natrampalli (Vellore; 9,634) 4,086 0.001 0.03 0.00 Nemili (Vellore; 9,959) 4,033 0.001 0.03 0.00 Vaniyambadi (Vellore; 90,716) 535 0.011 0.32 0.03 Arcot (Vellore; 53,359) 946 0.007 0.19 0.02 Jolarpet (Vellore; 37,660) 1,331 0.005 0.13 0.01 Vilapakkam (Vellore; 8,548) 4,281 0.001 0.03 0.00 Shenbakkam (Vellore; 14,287) 3,227 0.002 0.05 0.00 Kalavai (Vellore; 10,361) 3,940 0.001 0.04 0.00 Kangeyanallur (Vellore; 13,452) 3,363 0.002 0.05 0.00 Ambur (Vellore; 105,998) 444 0.013 0.37 0.03 Ammoor (Vellore; 11,991) 3,630 0.001 0.04 0.00 Uthayendram (Vellore; 12,312) 3,572 0.002 0.04 0.00 Gudiyatham (Vellore; 96,997) 490 0.012 0.34 0.03 Allapuram (Vellore; 28,300) 1,770 0.003 0.10 0.01 Sholingur (Vellore; 28,233) 1,772 0.003 0.10 0.01 Alangayam (Vellore; 17,882) 2,752 0.002 0.06 0.01 Dharapadavedu (Vellore; 32,098) 1,568 0.004 0.11 0.01 Kalinjur (Vellore; 17,959) 2,743 0.002 0.06 0.01 Virupakshipuram (Vellore; 13,196) 3,405 0.002 0.05 0.00 Sathuvachari (Vellore; 48,234) 1,065 0.006 0.17 0.02 Kaveripakkam (Vellore; 13,284) 3,393 0.002 0.05 0.00 Thiruvalam (Vellore; 8,434) 4,306 0.001 0.03 0.00 Gandhi Naga (Vellore; 10,305) 3,953 0.001 0.04 0.00 Walajapet (Vellore; 31,285) 1,606 0.004 0.11 0.01 Katpadi (Vellore; 16,905) 2,879 0.002 0.06 0.01 Seevur (Vellore; 9,177) 4,168 0.001 0.03 0.00 Gingee (Viluppuram; 22,182) 2,276 0.003 0.08 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tamil Nadu: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Vadakkanandal (Viluppuram; 21,079) 2,402 0.003 0.07 0.01 Vikravandi (Viluppuram; 10,765) 3,866 0.001 0.04 0.00 Ulundurpettai (Viluppuram; 20,435) 2,469 0.003 0.07 0.01 Marakkanam (Viluppuram; 20,331) 2,479 0.003 0.07 0.01 Sankarapuram (Viluppuram; 12,996) 3,445 0.002 0.05 0.00 Tindivanam (Viluppuram; 71,999) 699 0.009 0.25 0.02 Valavanur (Viluppuram; 14,901) 3,142 0.002 0.05 0.00 Kallakkurichi (Viluppuram; 39,002) 1,291 0.005 0.14 0.01 Kottakuppam (Viluppuram; 25,557) 1,955 0.003 0.09 0.01 Tirukkoyilur (Viluppuram; 28,776) 1,743 0.004 0.10 0.01 Thiagadurgam (Viluppuram; 14,803) 3,154 0.002 0.05 0.00 Chinnasalem (Viluppuram; 20,720) 2,441 0.003 0.07 0.01 Viluppuram (Viluppuram; 101,310) 466 0.012 0.35 0.03 Thiruvennainallur (Viluppuram; 9,041) 4,190 0.001 0.03 0.00 Aruppukkottai (Virudhunagar; 89,167) 553 0.011 0.31 0.03 Sivakasi (Virudhunagar; 76,610) 654 0.009 0.27 0.03 Mamsapuram (Virudhunagar; 19,034) 2,614 0.002 0.07 0.01 Pallapatti (Virudhunagar; 25,815) 1,940 0.003 0.09 0.01 Naranapuram (Virudhunagar; 9,917) 4,041 0.001 0.03 0.00 Mallankinaru (Virudhunagar; 12,530) 3,539 0.002 0.04 0.00 Chettiarpatti (Virudhunagar; 14,339) 3,215 0.002 0.05 0.00 Seithur (Virudhunagar; 19,312) 2,578 0.002 0.07 0.01 Tayilupatti (Virudhunagar; 9,311) 4,143 0.001 0.03 0.00 Sattur (Virudhunagar; 33,198) 1,514 0.004 0.12 0.01 Kooraikundu (Virudhunagar; 20,918) 2,415 0.003 0.07 0.01 Rajapalayam (Virudhunagar; 129,486) 353 0.016 0.45 0.04 Viswanatham (Virudhunagar; 23,482) 2,136 0.003 0.08 0.01 S.Kodikulam (Virudhunagar; 12,712) 3,496 0.002 0.04 0.00 Virudhunagar (Virudhunagar; 77,494) 644 0.010 0.27 0.03 Alangulam (Virudhunagar; 5,270) 2,618 0.002 0.07 0.01 Rosalpatti (Virudhunagar; 20,333) 2,478 0.003 0.07 0.01 Sundarapandiam (Virudhunagar; 9,073) 4,183 0.001 0.03 0.00 Vathirairuppu (Virudhunagar; 16,983) 2,868 0.002 0.06 0.01 Srivilliputhur (Virudhunagar; 77,630) 643 0.010 0.27 0.03 Kariapatti (Virudhunagar; 14,834) 3,150 0.002 0.05 0.00 Sithurajapuram (Virudhunagar; 13,729) 3,324 0.002 0.05 0.00 Thiruthangal (Virudhunagar; 52,165) 968 0.006 0.18 0.02 Others (N/A; 590,727) 30,000 0.073 2.07 0.19 Total 3.518 100.00 9.36 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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34 TRIPURA 34.1 LATENT DEMAND BY YEAR - TRIPURA

The Latent Demand for Depilatories in Tripura: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.048 0.20 2005 0.051 0.20 2006 0.055 0.20 2007 0.059 0.19 2008 0.064 0.19 2009 0.069 0.18 2010 0.074 0.18 2011 0.079 0.18 2012 0.085 0.17 2013 0.092 0.17 2014 0.099 0.17 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Tripura - Top Cities: Depilatories in 2009

Agartala

Badharghat

Jogendranagar Dharmanagar

Others

The Latent Demand for Depilatories in India and Tripura: 2009

TripuraIndia

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34.2 CITIES SORTED BY RANK - TRIPURA Tripura - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Agartala (203,374) 219 0.024 34.86 0.06 Badharghat (51,196) 1,043 0.006 8.78 0.02 Jogendranagar (37,429) 1,391 0.004 6.42 0.01 Dharmanagar (33,069) 1,584 0.004 5.67 0.01 Pratapgarh (27,811) 1,871 0.003 4.77 0.01 Udaipur (23,365) 2,256 0.003 4.01 0.01 Kailasahar (21,784) 2,431 0.003 3.73 0.01 Teliamura (21,061) 2,501 0.002 3.61 0.01 Indranagar (18,991) 2,707 0.002 3.26 0.01 Khowai (18,928) 2,715 0.002 3.24 0.01 Belonia (16,851) 2,979 0.002 2.89 0.01 Kumarghat (12,451) 3,647 0.001 2.13 0.00 Ranirbazar (11,819) 3,746 0.001 2.03 0.00 Amarpur (11,669) 3,772 0.001 2.00 0.00 Gandhigram (11,457) 3,817 0.001 1.96 0.00 Sonamura (10,739) 3,965 0.001 1.84 0.00 Gakulnagar (9,708) 4,151 0.001 1.66 0.00 Others (41,687) 30,000 0.005 7.15 0.01 Total 0.069 100.00 0.18 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

34.3 CITIES SORTED BY DISTRICT - TRIPURA City by District - Tripura: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kumarghat (North Tripura; 12,451) 3,647 0.001 2.13 0.00 Dharmanagar (North Tripura; 33,069) 1,584 0.004 5.67 0.01 Kailasahar (North Tripura; 21,784) 2,431 0.003 3.73 0.01 Amarpur (South Tripura; 11,669) 3,772 0.001 2.00 0.00 Belonia (South Tripura; 16,851) 2,979 0.002 2.89 0.01 Udaipur (South Tripura; 23,365) 2,256 0.003 4.01 0.01 Jogendranagar (West Tripura; 37,429) 1,391 0.004 6.42 0.01 Agartala (West Tripura; 203,374) 219 0.024 34.86 0.06 Badharghat (West Tripura; 51,196) 1,043 0.006 8.78 0.02 Gakulnagar (West Tripura; 9,708) 4,151 0.001 1.66 0.00 Indranagar (West Tripura; 18,991) 2,707 0.002 3.26 0.01 Khowai (West Tripura; 18,928) 2,715 0.002 3.24 0.01 Pratapgarh (West Tripura; 27,811) 1,871 0.003 4.77 0.01 Ranirbazar (West Tripura; 11,819) 3,746 0.001 2.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Tripura: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sonamura (West Tripura; 10,739) 3,965 0.001 1.84 0.00 Teliamura (West Tripura; 21,061) 2,501 0.002 3.61 0.01 Gandhigram (West Tripura; 11,457) 3,817 0.001 1.96 0.00 Others (N/A; 41,687) 30,000 0.005 7.15 0.01 Total 0.069 100.00 0.18 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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35 UTTAR PRADESH 35.1 LATENT DEMAND BY YEAR - UTTAR PRADESH

The Latent Demand for Depilatories in Uttar Pradesh: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 2.806 12.00 2005 3.066 11.92 2006 3.350 11.84 2007 3.661 11.76 2008 3.998 11.67 2009 4.357 11.60 2010 4.746 11.52 2011 5.170 11.44 2012 5.632 11.37 2013 6.136 11.28 2014 6.684 11.20 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Uttar Pradesh - Top Cities: Depilatories in 2009

Kanpur

Lucknow

Agra

Varanasi

Others

The Latent Demand for Depilatories in India and Uttar Pradesh: 2009

Uttar PradeshIndia

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35.2 CITIES SORTED BY RANK - UTTAR PRADESH Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kanpur (2,885,313) 9 0.331 7.59 0.88 Lucknow (2,515,213) 12 0.288 6.62 0.77 Agra (1,435,717) 20 0.165 3.78 0.44 Varanasi (1,254,277) 24 0.144 3.30 0.38 Meerut (1,224,059) 25 0.140 3.22 0.37 Allahabad (1,128,422) 32 0.129 2.97 0.34 Ghaziabad (1,103,607) 33 0.127 2.90 0.34 Bareilly (797,450) 54 0.091 2.10 0.24 Aligarh (760,865) 57 0.087 2.00 0.23 Moradabad (730,678) 59 0.084 1.92 0.22 Gorakhpur (711,683) 60 0.082 1.87 0.22 Saharanpur (516,098) 81 0.059 1.36 0.16 Jhansi (436,702) 99 0.050 1.15 0.13 Muzaffarnagar (360,590) 115 0.041 0.95 0.11 Mathura (340,506) 123 0.039 0.90 0.10 Shahjahanpur (339,487) 125 0.039 0.89 0.10 Noida (334,901) 127 0.038 0.88 0.10 Rampur (320,819) 136 0.037 0.84 0.10 Firozabad (317,687) 139 0.036 0.84 0.10 Farrukhabad-cum-Fatehgarh (259,659) 169 0.030 0.68 0.08 Hapur (241,554) 184 0.028 0.64 0.07 Etawah (240,954) 185 0.028 0.63 0.07 Maunath Bhanjan (239,371) 187 0.027 0.63 0.07 Mirzapur-cum-Vindhyachal (233,894) 195 0.027 0.62 0.07 Sambhal (208,445) 220 0.024 0.55 0.06 Bulandshahr (200,840) 228 0.023 0.53 0.06 Rae Bareli (192,896) 236 0.022 0.51 0.06 Bahraich (191,861) 240 0.022 0.50 0.06 Amroha (187,888) 248 0.022 0.49 0.06 Jaunpur (182,312) 258 0.021 0.48 0.06 Sitapur (173,003) 277 0.020 0.46 0.05 Fatehpur (172,924) 278 0.020 0.45 0.05 Budaun (168,800) 285 0.019 0.44 0.05 Faizabad (165,138) 295 0.019 0.43 0.05 Unnao (165,130) 296 0.019 0.43 0.05 Orai (158,893) 306 0.018 0.42 0.05 Banda (153,627) 317 0.018 0.40 0.05 Pilibhit (141,389) 350 0.016 0.37 0.04 Hathras (140,433) 351 0.016 0.37 0.04 Gonda (139,203) 352 0.016 0.37 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Loni (137,488) 358 0.016 0.36 0.04 Lakhimpur (137,382) 359 0.016 0.36 0.04 Modinagar (128,667) 389 0.015 0.34 0.04 Hardoi (128,162) 393 0.015 0.34 0.04 Lalitpur (127,405) 396 0.015 0.34 0.04 Etah (122,036) 410 0.014 0.32 0.04 Basti (121,907) 412 0.014 0.32 0.04 Azamgarh (119,580) 419 0.014 0.31 0.04 Deoria (118,759) 422 0.014 0.31 0.04 Chandausi (118,229) 425 0.014 0.31 0.04 Ballia (116,484) 434 0.013 0.31 0.04 Sultanpur (114,045) 443 0.013 0.30 0.03 Khurja (112,128) 455 0.013 0.30 0.03 Ghazipur (108,527) 469 0.012 0.29 0.03 Behta Hajipur (107,583) 477 0.012 0.28 0.03 Kasganj (105,385) 487 0.012 0.28 0.03 Shamli (102,395) 501 0.012 0.27 0.03 Mainpuri (102,023) 503 0.012 0.27 0.03 Mughalsarai (100,714) 512 0.012 0.26 0.03 Shikohabad (100,359) 515 0.012 0.26 0.03 Baraut (97,792) 533 0.011 0.26 0.03 Tanda (94,667) 556 0.011 0.25 0.03 Deoband (93,102) 566 0.011 0.24 0.03 Bijnor (90,438) 582 0.010 0.24 0.03 Najibabad (90,118) 583 0.010 0.24 0.03 Mahoba (89,798) 585 0.010 0.24 0.03 Nawabganj (85,560) 621 0.010 0.23 0.03 Bhadohi (84,822) 626 0.010 0.22 0.03 Muradnagar (84,412) 633 0.010 0.22 0.03 Kairana (83,234) 646 0.010 0.22 0.03 Balrampur (82,293) 655 0.009 0.22 0.03 Bela Pratapgarh (81,854) 661 0.009 0.22 0.02 Kannauj (81,507) 666 0.009 0.21 0.02 Nagina (81,256) 668 0.009 0.21 0.02 Gangaghat (80,694) 674 0.009 0.21 0.02 Sikandrabad (79,652) 684 0.009 0.21 0.02 Mawana (78,851) 689 0.009 0.21 0.02 Chandpur (77,894) 694 0.009 0.20 0.02 Shahabad (77,098) 702 0.009 0.20 0.02 Pilkhuwa (76,563) 707 0.009 0.20 0.02 Auraiya (73,608) 733 0.008 0.19 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Faridpur (69,538) 764 0.008 0.18 0.02 Bisalpur (69,143) 770 0.008 0.18 0.02 Baheri (66,747) 801 0.008 0.18 0.02 Khatauli (66,656) 803 0.008 0.18 0.02 Sahaswan (66,311) 808 0.008 0.17 0.02 Dadri (65,471) 816 0.008 0.17 0.02 Vrindavan (64,515) 830 0.007 0.17 0.02 Rath (63,740) 840 0.007 0.17 0.02 Kiratpur (63,024) 846 0.007 0.17 0.02 Gangoh (61,471) 870 0.007 0.16 0.02 Gola Gokarannath (61,340) 873 0.007 0.16 0.02 Renukoot (60,989) 882 0.007 0.16 0.02 Hasanpur (60,780) 888 0.007 0.16 0.02 Tilhar (60,289) 898 0.007 0.16 0.02 Sherkot (60,244) 900 0.007 0.16 0.02 Obra (59,706) 907 0.007 0.16 0.02 Jahangirabad (58,534) 924 0.007 0.15 0.02 Mubarakpur (58,204) 929 0.007 0.15 0.02 Ujhani (58,163) 930 0.007 0.15 0.02 Mauranipur (57,983) 933 0.007 0.15 0.02 Konch (57,807) 939 0.007 0.15 0.02 Chhibramau (57,292) 947 0.007 0.15 0.02 Laharpur (57,065) 951 0.007 0.15 0.02 Jalaun (57,011) 953 0.007 0.15 0.02 Ayodhya (56,510) 962 0.006 0.15 0.02 Chitrakoot Dham (55,667) 979 0.006 0.15 0.02 Sandila (55,642) 981 0.006 0.15 0.02 Sardhana (54,661) 1,002 0.006 0.14 0.02 Biswan (54,405) 1,009 0.006 0.14 0.02 Dhampur (53,390) 1,030 0.006 0.14 0.02 Kosi Kalan (52,056) 1,059 0.006 0.14 0.02 Aonla (51,576) 1,073 0.006 0.14 0.02 Padrauna (50,544) 1,093 0.006 0.13 0.02 Nehtaur (50,480) 1,096 0.006 0.13 0.02 Seohara (50,120) 1,103 0.006 0.13 0.02 Atrauli (49,960) 1,106 0.006 0.13 0.02 Gulaothi (48,852) 1,124 0.006 0.13 0.01 Kalpi (48,836) 1,125 0.006 0.13 0.01 Nanpara (48,737) 1,128 0.006 0.13 0.01 Atarra (48,353) 1,143 0.006 0.13 0.01 Mahmudabad (47,757) 1,156 0.005 0.13 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ganj Dundawara (46,998) 1,168 0.005 0.12 0.01 Khekada (46,012) 1,190 0.005 0.12 0.01 Tundla (45,962) 1,193 0.005 0.12 0.01 Kandhla (45,788) 1,197 0.005 0.12 0.01 Ramnagar (45,512) 1,205 0.005 0.12 0.01 Gajraula (45,381) 1,206 0.005 0.12 0.01 Khalilabad (45,367) 1,207 0.005 0.12 0.01 Siana (44,477) 1,232 0.005 0.12 0.01 Bharthana (44,190) 1,235 0.005 0.12 0.01 Sikandra Rao (43,853) 1,244 0.005 0.12 0.01 Mohammadi (43,787) 1,245 0.005 0.12 0.01 Khairabad (43,715) 1,248 0.005 0.12 0.01 Puranpur (42,381) 1,279 0.005 0.11 0.01 Rudauli (41,937) 1,290 0.005 0.11 0.01 Baghpat (41,437) 1,302 0.005 0.11 0.01 Ghosi (40,831) 1,315 0.005 0.11 0.01 Gursahaiganj (40,739) 1,317 0.005 0.11 0.01 Bilaspur (40,712) 1,318 0.005 0.11 0.01 Jalesar (40,636) 1,324 0.005 0.11 0.01 Bansi (40,597) 1,328 0.005 0.11 0.01 Ghatampur (40,447) 1,333 0.005 0.11 0.01 Sukhmalpur Nizamabad (40,254) 1,337 0.005 0.11 0.01 Gaura Barhaj (40,200) 1,340 0.005 0.11 0.01 Thakurdwara (40,200) 1,341 0.005 0.11 0.01 Palia Kalan (39,882) 1,348 0.005 0.10 0.01 Dibai (39,714) 1,351 0.005 0.10 0.01 Maudaha (39,217) 1,368 0.004 0.10 0.01 Bindki (38,967) 1,381 0.004 0.10 0.01 Dharoti Khurd (38,759) 1,382 0.004 0.10 0.01 Chunar (38,650) 1,384 0.004 0.10 0.01 Akbarpur (38,616) 1,385 0.004 0.10 0.01 Noorpur (38,264) 1,406 0.004 0.10 0.01 Garhmukteshwar (38,095) 1,411 0.004 0.10 0.01 Shikarpur (37,751) 1,423 0.004 0.10 0.01 Budhana (37,545) 1,435 0.004 0.10 0.01 Kakrala (36,896) 1,459 0.004 0.10 0.01 Robertsganj (36,701) 1,467 0.004 0.10 0.01 Hamirpur (36,503) 1,480 0.004 0.10 0.01 Babina (36,403) 1,484 0.004 0.10 0.01 Mallawan (36,210) 1,489 0.004 0.10 0.01 Sadabad (36,164) 1,495 0.004 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bangarmau (36,037) 1,500 0.004 0.09 0.01 Thana Bhawan (35,532) 1,522 0.004 0.09 0.01 Kaimganj (35,469) 1,525 0.004 0.09 0.01 Jalalabad (35,451) 1,528 0.004 0.09 0.01 Kopaganj (35,128) 1,540 0.004 0.09 0.01 Bilari (34,465) 1,570 0.004 0.09 0.01 Mohammadabad (34,451) 1,571 0.004 0.09 0.01 Zaidpur (34,258) 1,576 0.004 0.09 0.01 Bahjoi (34,176) 1,577 0.004 0.09 0.01 Northern Rly. Colony (33,852) 1,590 0.004 0.09 0.01 Jalalpur (33,767) 1,596 0.004 0.09 0.01 Rasra (33,345) 1,613 0.004 0.09 0.01 Nautanwa (33,340) 1,614 0.004 0.09 0.01 Zamania (32,914) 1,640 0.004 0.09 0.01 Fatehpur Sikri (32,765) 1,647 0.004 0.09 0.01 Bisauli (32,384) 1,667 0.004 0.09 0.01 Rudrapur (32,275) 1,671 0.004 0.08 0.01 Mughalsarai Rly. Settlement (31,746) 1,697 0.004 0.08 0.01 Bachhraon (31,659) 1,706 0.004 0.08 0.01 Khair (31,519) 1,711 0.004 0.08 0.01 Pihani (31,375) 1,719 0.004 0.08 0.01 Utraula (31,325) 1,721 0.004 0.08 0.01 Shamsabad (31,062) 1,736 0.004 0.08 0.01 Naugawan Sadat (30,851) 1,747 0.004 0.08 0.01 Jewar (30,709) 1,755 0.004 0.08 0.01 Bhogaon (30,537) 1,764 0.004 0.08 0.01 Soron (30,449) 1,768 0.003 0.08 0.01 Sirsaganj (30,223) 1,778 0.003 0.08 0.01 Katra (30,049) 1,790 0.003 0.08 0.01 Mahrajganj (29,936) 1,796 0.003 0.08 0.01 Suar (29,788) 1,803 0.003 0.08 0.01 Miranpur (29,741) 1,804 0.003 0.08 0.01 Islamnagar (29,689) 1,806 0.003 0.08 0.01 Milak (29,124) 1,833 0.003 0.08 0.01 Lar (29,048) 1,840 0.003 0.08 0.01 Jaswantnagar (28,881) 1,852 0.003 0.08 0.01 Samdhan (28,840) 1,857 0.003 0.08 0.01 Bilgram (28,820) 1,862 0.003 0.08 0.01 Sahjanwa (28,591) 1,872 0.003 0.08 0.01 Kheri (28,506) 1,877 0.003 0.08 0.01 Afzalgarh (28,435) 1,881 0.003 0.07 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Rampur Maniharan (28,272) 1,899 0.003 0.07 0.01 Bidhuna (28,241) 1,900 0.003 0.07 0.01 Mehdawal (28,126) 1,908 0.003 0.07 0.01 Sumerpur (28,095) 1,910 0.003 0.07 0.01 Shahganj (28,025) 1,915 0.003 0.07 0.01 Babarpur Ajitmal (27,974) 1,918 0.003 0.07 0.01 Kundarki (27,963) 1,920 0.003 0.07 0.01 Karhal (27,950) 1,922 0.003 0.07 0.01 Dhanaura (27,877) 1,927 0.003 0.07 0.01 Dasna (27,835) 1,930 0.003 0.07 0.01 Bhojpur Dharampur (27,798) 1,932 0.003 0.07 0.01 Jais (27,764) 1,935 0.003 0.07 0.01 Aliganj (27,654) 1,945 0.003 0.07 0.01 Colonelganj (27,533) 1,951 0.003 0.07 0.01 Kora Jahanabad (27,404) 1,958 0.003 0.07 0.01 Kemri (27,181) 1,977 0.003 0.07 0.01 Charkhari (27,146) 1,979 0.003 0.07 0.01 Anupshahr (26,978) 1,992 0.003 0.07 0.01 Kanth (26,872) 1,998 0.003 0.07 0.01 Bilsi (26,851) 2,002 0.003 0.07 0.01 Purquazi (26,807) 2,007 0.003 0.07 0.01 Khamaria (26,802) 2,008 0.003 0.07 0.01 Kithaur (26,789) 2,009 0.003 0.07 0.01 Dhanauli (26,749) 2,013 0.003 0.07 0.01 Powayan (26,683) 2,020 0.003 0.07 0.01 Sandi (26,473) 2,040 0.003 0.07 0.01 Ahraura (26,370) 2,046 0.003 0.07 0.01 Gursarai (26,198) 2,054 0.003 0.07 0.01 Machhlishahr (26,143) 2,060 0.003 0.07 0.01 Lal Gopalganj Nindaura (25,911) 2,074 0.003 0.07 0.01 Sahaspur (25,757) 2,087 0.003 0.07 0.01 Safipur (25,527) 2,109 0.003 0.07 0.01 Anpara (25,507) 2,111 0.003 0.07 0.01 Kunda (25,446) 2,115 0.003 0.07 0.01 Reoti (25,186) 2,143 0.003 0.07 0.01 Barua Sagar (25,154) 2,150 0.003 0.07 0.01 Tetri Bazar (24,972) 2,172 0.003 0.07 0.01 Amilo (24,940) 2,177 0.003 0.07 0.01 Sikanderpur (24,829) 2,191 0.003 0.07 0.01 Dataganj (24,695) 2,203 0.003 0.06 0.01 Saidpur (24,566) 2,214 0.003 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Muhammadabad (24,368) 2,229 0.003 0.06 0.01 Sirsi (24,322) 2,230 0.003 0.06 0.01 Kabrai (24,220) 2,236 0.003 0.06 0.01 Hastinapur (24,212) 2,237 0.003 0.06 0.01 Tulsipur (24,196) 2,238 0.003 0.06 0.01 Parasi (24,160) 2,241 0.003 0.06 0.01 Purwa (24,151) 2,243 0.003 0.06 0.01 Lalganj (24,083) 2,248 0.003 0.06 0.01 Phulpur (24,004) 2,259 0.003 0.06 0.01 Bewar (23,995) 2,260 0.003 0.06 0.01 Warhapur (23,773) 2,284 0.003 0.06 0.01 Chharra Rafatpur (23,731) 2,288 0.003 0.06 0.01 Fatehganj Pashchimi (23,714) 2,289 0.003 0.06 0.01 Armapur Estate (23,698) 2,291 0.003 0.06 0.01 Allapur (23,616) 2,299 0.003 0.06 0.01 Kuraoli (23,564) 2,307 0.003 0.06 0.01 Shishgarh (23,555) 2,308 0.003 0.06 0.01 Nakur (23,512) 2,310 0.003 0.06 0.01 Dibiyapur (23,476) 2,313 0.003 0.06 0.01 Dhaura Tanda (23,352) 2,321 0.003 0.06 0.01 Sahawar (23,310) 2,328 0.003 0.06 0.01 Jhinjhak (23,252) 2,333 0.003 0.06 0.01 Bhinga (23,245) 2,336 0.003 0.06 0.01 Naraura (23,218) 2,340 0.003 0.06 0.01 Bansdih (23,054) 2,356 0.003 0.06 0.01 Tirwaganj (23,050) 2,357 0.003 0.06 0.01 Samthar (23,048) 2,358 0.003 0.06 0.01 Chitbara Gaon (23,030) 2,360 0.003 0.06 0.01 Mariahu (22,951) 2,364 0.003 0.06 0.01 Aurangabad (22,872) 2,374 0.003 0.06 0.01 Chandauli (22,870) 2,375 0.003 0.06 0.01 Bhargain (22,763) 2,387 0.003 0.06 0.01 Achhnera (22,760) 2,388 0.003 0.06 0.01 Pukhrayan (22,685) 2,396 0.003 0.06 0.01 Chhata (22,603) 2,404 0.003 0.06 0.01 Nyoria Husainpur (22,541) 2,410 0.003 0.06 0.01 Sewarhi (22,519) 2,411 0.003 0.06 0.01 Lohta (22,442) 2,425 0.003 0.06 0.01 Tambaur-cum-Ahmadabad (22,428) 2,429 0.003 0.06 0.01 Charthaval (22,333) 2,436 0.003 0.06 0.01 Mandawar (22,294) 2,439 0.003 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sidhauli (22,261) 2,443 0.003 0.06 0.01 Etmadpur (22,120) 2,450 0.003 0.06 0.01 Fatehabad (22,012) 2,459 0.003 0.06 0.01 Thiriya Nizamat Khan (21,936) 2,471 0.003 0.06 0.01 Barhalganj (21,845) 2,480 0.003 0.06 0.01 Gunnaur (21,770) 2,485 0.002 0.06 0.01 Banat (21,741) 2,488 0.002 0.06 0.01 Sirauli (21,674) 2,495 0.002 0.06 0.01 Sahatwar (21,618) 2,503 0.002 0.06 0.01 Kiraoli (21,560) 2,506 0.002 0.06 0.01 Siswa Bazar (21,518) 2,509 0.002 0.06 0.01 Dhaurehra (21,516) 2,510 0.002 0.06 0.01 Maniyar (21,365) 2,515 0.002 0.06 0.01 Maruadih Rly. Settlement (21,346) 2,518 0.002 0.06 0.01 Ujhari (21,325) 2,523 0.002 0.06 0.01 Jhalu (21,309) 2,524 0.002 0.06 0.01 Govardhan (21,094) 2,544 0.002 0.06 0.01 Sewalkhas (21,005) 2,553 0.002 0.06 0.01 Maholi (20,973) 2,557 0.002 0.06 0.01 Sahanpur (20,908) 2,560 0.002 0.06 0.01 Bilhaur (20,574) 2,597 0.002 0.05 0.01 Lawar NP (20,568) 2,600 0.002 0.05 0.01 Ranipur (20,544) 2,603 0.002 0.05 0.01 Raya (20,499) 2,607 0.002 0.05 0.01 Kushinagar (20,490) 2,608 0.002 0.05 0.01 Hargaon (20,479) 2,611 0.002 0.05 0.01 Mau Aima (20,467) 2,612 0.002 0.05 0.01 Gopiganj (20,440) 2,620 0.002 0.05 0.01 Haldaur (20,390) 2,623 0.002 0.05 0.01 Kheragarh (20,350) 2,628 0.002 0.05 0.01 Chhaprauli (20,277) 2,635 0.002 0.05 0.01 Jansath (20,262) 2,636 0.002 0.05 0.01 Marehra (20,251) 2,637 0.002 0.05 0.01 Mogra Badshahpur (20,222) 2,641 0.002 0.05 0.01 Jhinjhana (20,117) 2,650 0.002 0.05 0.01 Richha (19,920) 2,673 0.002 0.05 0.01 Deoranian (19,899) 2,674 0.002 0.05 0.01 Wazirganj (19,886) 2,675 0.002 0.05 0.01 Jalali (19,885) 2,676 0.002 0.05 0.01 Kul Pahar (19,869) 2,677 0.002 0.05 0.01 Parikshitgarh (19,826) 2,682 0.002 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Phalauda (19,599) 2,697 0.002 0.05 0.01 Majhauli Raj (19,599) 2,698 0.002 0.05 0.01 Shahpur (19,583) 2,700 0.002 0.05 0.01 Belthara Road (19,582) 2,701 0.002 0.05 0.01 Singahi Bhiraura (19,514) 2,711 0.002 0.05 0.01 Pahasu (19,503) 2,712 0.002 0.05 0.01 Jatari (19,414) 2,722 0.002 0.05 0.01 Pinahat (19,403) 2,724 0.002 0.05 0.01 Suriyawan (19,387) 2,728 0.002 0.05 0.01 Banki (19,368) 2,731 0.002 0.05 0.01 Nanauta (19,362) 2,735 0.002 0.05 0.01 Salempur (19,264) 2,746 0.002 0.05 0.01 Sarsawan (19,161) 2,759 0.002 0.05 0.01 Majhara Pipar Ehatmali (19,152) 2,760 0.002 0.05 0.01 Kakori (19,065) 2,765 0.002 0.05 0.01 Narauli (19,009) 2,773 0.002 0.05 0.01 Handia (18,701) 2,808 0.002 0.05 0.01 Jhusi Kohna (18,584) 2,827 0.002 0.05 0.01 Begumabad Budhana (18,514) 2,833 0.002 0.05 0.01 Kheta Sarai (18,491) 2,837 0.002 0.05 0.01 Bahadurganj (18,433) 2,844 0.002 0.05 0.01 Purdilnagar (18,390) 2,847 0.002 0.05 0.01 Chilkana Sultanpur (18,357) 2,854 0.002 0.05 0.01 Bhokarhedi (18,201) 2,875 0.002 0.05 0.01 Maghar (18,042) 2,895 0.002 0.05 0.01 Malihabad (18,011) 2,899 0.002 0.05 0.01 Ghosia Bazar (17,979) 2,900 0.002 0.05 0.01 Jarwal (17,978) 2,901 0.002 0.05 0.01 Sarai Aquil (17,911) 2,908 0.002 0.05 0.01 Saiyad Raja (17,884) 2,911 0.002 0.05 0.01 Dariyabad (17,845) 2,914 0.002 0.05 0.01 Pali (17,693) 2,927 0.002 0.05 0.01 Sarai Mir (17,692) 2,928 0.002 0.05 0.01 Nichlaul (17,663) 2,930 0.002 0.05 0.01 Jhansi Rly. Settlement (17,662) 2,931 0.002 0.05 0.01 Phaphund (17,481) 2,953 0.002 0.05 0.01 Umri Kalan (17,423) 2,960 0.002 0.05 0.01 Bharatganj (17,379) 2,972 0.002 0.05 0.01 Maswasi (17,328) 2,980 0.002 0.05 0.01 Sisauli (17,287) 2,986 0.002 0.05 0.01 Misrikh-cum-Neemsar (17,278) 2,988 0.002 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Manikpur Sarhat (16,995) 3,022 0.002 0.04 0.01 Pipraich (16,897) 3,031 0.002 0.04 0.01 Bharwari (16,837) 3,033 0.002 0.04 0.01 Kachhwa (16,764) 3,042 0.002 0.04 0.01 Bad (16,739) 3,044 0.002 0.04 0.01 Fatehgarh (16,730) 3,045 0.002 0.04 0.01 Kamalganj (16,704) 3,050 0.002 0.04 0.01 Bah (16,628) 3,061 0.002 0.04 0.01 Un (16,577) 3,071 0.002 0.04 0.01 Baberu (16,521) 3,076 0.002 0.04 0.01 Babrala (16,462) 3,084 0.002 0.04 0.01 Ajhuwa (16,432) 3,088 0.002 0.04 0.01 Rura (16,387) 3,095 0.002 0.04 0.01 Bhatni Bazar (16,387) 3,096 0.002 0.04 0.01 Khadda (16,331) 3,103 0.002 0.04 0.00 Pachperwa (16,328) 3,104 0.002 0.04 0.00 Khutar (16,202) 3,114 0.002 0.04 0.00 Rustamnagar Sahaspur (16,178) 3,119 0.002 0.04 0.00 Manjhanpur (16,124) 3,126 0.002 0.04 0.00 Maurawan (16,085) 3,131 0.002 0.04 0.00 Chirgaon (16,072) 3,135 0.002 0.04 0.00 Bansgaon (16,051) 3,136 0.002 0.04 0.00 Rithora (16,003) 3,146 0.002 0.04 0.00 Haidergarh (16,002) 3,147 0.002 0.04 0.00 Shahi (15,836) 3,160 0.002 0.04 0.00 Qasimpur Power House Colony (15,672) 3,185 0.002 0.04 0.00 Khanpur (15,658) 3,187 0.002 0.04 0.00 Chakia (15,573) 3,197 0.002 0.04 0.00 Jhusi (15,534) 3,202 0.002 0.04 0.00 Mohan (15,443) 3,211 0.002 0.04 0.00 Kota (15,433) 3,213 0.002 0.04 0.00 Kachhauna Patseni (15,387) 3,219 0.002 0.04 0.00 Bilsanda (15,353) 3,228 0.002 0.04 0.00 Kharela (15,344) 3,229 0.002 0.04 0.00 Manikpur (15,332) 3,231 0.002 0.04 0.00 Tikri (15,302) 3,233 0.002 0.04 0.00 Ashrafpur Kichhauchha (15,292) 3,237 0.002 0.04 0.00 Sainthal (15,258) 3,246 0.002 0.04 0.00 Joya (15,201) 3,250 0.002 0.04 0.00 Mirganj (15,196) 3,251 0.002 0.04 0.00 Ramkola (15,193) 3,252 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mehnagar (15,177) 3,256 0.002 0.04 0.00 Mailani (15,162) 3,260 0.002 0.04 0.00 Doghat (15,111) 3,267 0.002 0.04 0.00 Pipri (15,056) 3,271 0.002 0.04 0.00 Salon (15,002) 3,281 0.002 0.04 0.00 Naraini (14,954) 3,292 0.002 0.04 0.00 Shankargarh (14,945) 3,293 0.002 0.04 0.00 Ambehta (14,931) 3,296 0.002 0.04 0.00 Bakewar (14,874) 3,301 0.002 0.04 0.00 Ailum (14,872) 3,302 0.002 0.04 0.00 Moth (14,846) 3,304 0.002 0.04 0.00 Rabupura (14,841) 3,305 0.002 0.04 0.00 Sidhpura (14,809) 3,315 0.002 0.04 0.00 Bisharatganj (14,790) 3,318 0.002 0.04 0.00 Ikauna (14,753) 3,325 0.002 0.04 0.00 Sasni (14,748) 3,326 0.002 0.04 0.00 Dewa (14,607) 3,346 0.002 0.04 0.00 Bugrasi (14,601) 3,348 0.002 0.04 0.00 Amethi (14,594) 3,349 0.002 0.04 0.00 Karari (14,533) 3,359 0.002 0.04 0.00 Rajapur (14,503) 3,361 0.002 0.04 0.00 Talbehat (14,430) 3,366 0.002 0.04 0.00 Kadaura (14,423) 3,367 0.002 0.04 0.00 Shergarh (14,416) 3,368 0.002 0.04 0.00 Gosainganj (14,382) 3,372 0.002 0.04 0.00 Karnawal (14,378) 3,374 0.002 0.04 0.00 Gopamau (14,362) 3,375 0.002 0.04 0.00 Bhatpar Rani (14,237) 3,398 0.002 0.04 0.00 Kerakat (14,212) 3,400 0.002 0.04 0.00 Kharkhoda (14,169) 3,406 0.002 0.04 0.00 Jahanabad (14,152) 3,409 0.002 0.04 0.00 Kotwa (14,142) 3,412 0.002 0.04 0.00 Agarwal Mandi (14,127) 3,414 0.002 0.04 0.00 Bikapur (14,078) 3,425 0.002 0.04 0.00 Khailar (14,065) 3,427 0.002 0.04 0.00 Pratapgarh City (14,060) 3,429 0.002 0.04 0.00 Patiyali (13,963) 3,449 0.002 0.04 0.00 Sirathu (13,911) 3,453 0.002 0.04 0.00 Usehat (13,882) 3,459 0.002 0.04 0.00 Koraon (13,830) 3,466 0.002 0.04 0.00 Chopan (13,823) 3,467 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bilram (13,809) 3,468 0.002 0.04 0.00 Ghiraur (13,797) 3,469 0.002 0.04 0.00 Garhi Pukhta (13,792) 3,470 0.002 0.04 0.00 Nizamabad (13,783) 3,471 0.002 0.04 0.00 Gyanpur (13,738) 3,482 0.002 0.04 0.00 Khaga (13,697) 3,491 0.002 0.04 0.00 Adari (13,681) 3,494 0.002 0.04 0.00 Mendu (13,675) 3,495 0.002 0.04 0.00 Tundla Rly. Colony (13,654) 3,498 0.002 0.04 0.00 Dankaur (13,653) 3,500 0.002 0.04 0.00 Allahganj (13,624) 3,503 0.002 0.04 0.00 Kurthi Jafarpur (13,609) 3,507 0.002 0.04 0.00 Bilariaganj (13,550) 3,519 0.002 0.04 0.00 Nai Bazar (13,545) 3,522 0.002 0.04 0.00 Bachhrawan (13,536) 3,526 0.002 0.04 0.00 Dostpur (13,534) 3,527 0.002 0.04 0.00 Iglas (13,515) 3,530 0.002 0.04 0.00 Khudaganj (13,496) 3,534 0.002 0.04 0.00 Barhani Bazar (13,473) 3,538 0.002 0.04 0.00 Katghar Lalganj (13,457) 3,541 0.002 0.04 0.00 Barwar (13,446) 3,542 0.002 0.04 0.00 Phulwaria (13,368) 3,555 0.002 0.04 0.00 Dudhi (13,225) 3,573 0.002 0.03 0.00 Harduaganj (13,177) 3,580 0.002 0.03 0.00 Mursan (13,161) 3,582 0.002 0.03 0.00 Ledwa Mahua (13,131) 3,586 0.002 0.03 0.00 Sirsa (13,103) 3,592 0.002 0.03 0.00 Kaptanganj (13,096) 3,593 0.002 0.03 0.00 Kurara (13,086) 3,594 0.002 0.03 0.00 Shivdaspur (13,027) 3,606 0.001 0.03 0.00 Dildarnagar Fatehpur Bazar (13,000) 3,612 0.001 0.03 0.00 Pipiganj (12,974) 3,616 0.001 0.03 0.00 Bhadarsa (12,955) 3,618 0.001 0.03 0.00 Iltifatganj Bazar (12,921) 3,624 0.001 0.03 0.00 Rampur Bhawanipur (12,880) 3,632 0.001 0.03 0.00 Atraulia (12,878) 3,633 0.001 0.03 0.00 Faridnagar (12,843) 3,640 0.001 0.03 0.00 Hata (12,829) 3,643 0.001 0.03 0.00 Mundera Bazar (12,792) 3,648 0.001 0.03 0.00 Paintepur (12,742) 3,653 0.001 0.03 0.00 Risia Bazar (12,680) 3,665 0.001 0.03 0.00 Mukrampur Khema (12,679) 3,666 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Azmatgarh (12,649) 3,672 0.001 0.03 0.00 Jangipur (12,648) 3,673 0.001 0.03 0.00 Oel Dhakwa (12,622) 3,677 0.001 0.03 0.00 Saurikh (12,407) 3,704 0.001 0.03 0.00 Chhatari (12,404) 3,705 0.001 0.03 0.00 Sikandra (12,402) 3,706 0.001 0.03 0.00 Salarpur Khadar (12,274) 3,722 0.001 0.03 0.00 Awagarh (12,268) 3,723 0.001 0.03 0.00 Ordnance Factory Muradnagar (12,254) 3,725 0.001 0.03 0.00 Siddhaur (12,244) 3,727 0.001 0.03 0.00 Khatauli Rural (12,235) 3,729 0.001 0.03 0.00 Raja Ka Rampur (12,215) 3,733 0.001 0.03 0.00 Usawan (12,203) 3,738 0.001 0.03 0.00 Daurala (12,174) 3,741 0.001 0.03 0.00 Rampura (12,094) 3,754 0.001 0.03 0.00 Gola Bazar (12,093) 3,755 0.001 0.03 0.00 Atasu (12,081) 3,757 0.001 0.03 0.00 Kauriaganj (12,057) 3,762 0.001 0.03 0.00 Bisanda Buzurg (12,042) 3,764 0.001 0.03 0.00 Bahsuma (12,034) 3,766 0.001 0.03 0.00 Baragaon (11,984) 3,775 0.001 0.03 0.00 Rly. Settlement Roza (11,963) 3,777 0.001 0.03 0.00 Titron (11,963) 3,778 0.001 0.03 0.00 Bisokhar (11,937) 3,780 0.001 0.03 0.00 Lakhna (11,910) 3,789 0.001 0.03 0.00 Talgram (11,805) 3,811 0.001 0.03 0.00 Sadat (11,784) 3,815 0.001 0.03 0.00 Ghughuli (11,750) 3,827 0.001 0.03 0.00 Chhutmalpur (11,737) 3,832 0.001 0.03 0.00 Jiyanpur (11,734) 3,833 0.001 0.03 0.00 Jamshila (11,702) 3,842 0.001 0.03 0.00 Dohrighat (11,674) 3,845 0.001 0.03 0.00 Anandnagar (11,601) 3,858 0.001 0.03 0.00 Shivrajpur (11,594) 3,859 0.001 0.03 0.00 Jaithara (11,583) 3,861 0.001 0.03 0.00 Satrikh (11,542) 3,871 0.001 0.03 0.00 Aminagar Sarai (11,525) 3,875 0.001 0.03 0.00 Tondi Fatehpur (11,508) 3,877 0.001 0.03 0.00 Madhogarh (11,476) 3,886 0.001 0.03 0.00 Faizganj (11,436) 3,897 0.001 0.03 0.00 Azizpur (11,404) 3,899 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kalinagar (11,377) 3,906 0.001 0.03 0.00 Nandgaon (11,345) 3,914 0.001 0.03 0.00 Ekdil (11,332) 3,916 0.001 0.03 0.00 Niwari (11,302) 3,920 0.001 0.03 0.00 Chaumuhan (11,259) 3,925 0.001 0.03 0.00 Barkhera (11,259) 3,926 0.001 0.03 0.00 Madhoganj (11,236) 3,929 0.001 0.03 0.00 Khariya (11,208) 3,933 0.001 0.03 0.00 Patala (11,087) 3,950 0.001 0.03 0.00 Kailashpur (11,080) 3,952 0.001 0.03 0.00 Baldeo (11,047) 3,960 0.001 0.03 0.00 Pilkhana (11,044) 3,964 0.001 0.03 0.00 Kakgaina (11,043) 3,966 0.001 0.03 0.00 Jagner (11,034) 3,968 0.001 0.03 0.00 Nainana Jat (10,996) 3,975 0.001 0.03 0.00 Bithoor (10,993) 3,976 0.001 0.03 0.00 Parsadepur (10,955) 3,985 0.001 0.03 0.00 Rampur Karkhana (10,937) 3,991 0.001 0.03 0.00 Air Force Area (10,931) 3,992 0.001 0.03 0.00 Indian Telephone Industry (10,879) 4,001 0.001 0.03 0.00 Tindwari (10,875) 4,002 0.001 0.03 0.00 Jahangirpur (10,850) 4,008 0.001 0.03 0.00 Beniganj (10,830) 4,014 0.001 0.03 0.00 Ganj Muradabad (10,685) 4,037 0.001 0.03 0.00 Bhawan Bahadur Nagar (10,628) 4,042 0.001 0.03 0.00 Bahuwa (10,611) 4,047 0.001 0.03 0.00 Unchahar (10,603) 4,050 0.001 0.03 0.00 Jasrana (10,573) 4,054 0.001 0.03 0.00 Hariharpur (10,548) 4,060 0.001 0.03 0.00 Bijpur (10,520) 4,063 0.001 0.03 0.00 Nagram (10,504) 4,066 0.001 0.03 0.00 Barsana (10,500) 4,068 0.001 0.03 0.00 Amanpur (10,389) 4,079 0.001 0.03 0.00 Kusmara (10,359) 4,083 0.001 0.03 0.00 Dalmau (10,219) 4,108 0.001 0.03 0.00 Kishni (10,156) 4,119 0.001 0.03 0.00 Khargupur (10,147) 4,121 0.001 0.03 0.00 Amraudha (10,130) 4,125 0.001 0.03 0.00 Mankapur (10,101) 4,133 0.001 0.03 0.00 Aurangabad Bangar (10,049) 4,136 0.001 0.03 0.00 Umri (10,046) 4,137 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttar Pradesh - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sakhanu (10,038) 4,139 0.001 0.03 0.00 Jafarabad (10,029) 4,141 0.001 0.03 0.00 Patti (10,025) 4,142 0.001 0.03 0.00 Garautha (9,958) 4,154 0.001 0.03 0.00 Churk Ghurma (9,896) 4,163 0.001 0.03 0.00 Mahroni (9,853) 4,171 0.001 0.03 0.00 Mahaban (9,809) 4,172 0.001 0.03 0.00 Chakeri (9,777) 4,181 0.001 0.03 0.00 Erich (9,712) 4,191 0.001 0.03 0.00 Saunkh (9,672) 4,199 0.001 0.03 0.00 Kampil (9,657) 4,202 0.001 0.03 0.00 Achhalda (9,527) 4,227 0.001 0.03 0.00 Choubepur Kalan (9,517) 4,228 0.001 0.03 0.00 Shohratgarh (9,499) 4,236 0.001 0.02 0.00 Harraiya (9,495) 4,237 0.001 0.02 0.00 Mataundh (9,433) 4,242 0.001 0.02 0.00 Tikait Nagar (9,396) 4,245 0.001 0.02 0.00 Farah (9,343) 4,249 0.001 0.02 0.00 Kotra (9,205) 4,277 0.001 0.02 0.00 Sahpau NP (9,076) 4,300 0.001 0.02 0.00 Pipalsana Chaudhari (9,075) 4,301 0.001 0.02 0.00 Sarila (8,954) 4,321 0.001 0.02 0.00 Kachhla (8,930) 4,325 0.001 0.02 0.00 Shivli (8,922) 4,326 0.001 0.02 0.00 Katra Medniganj (8,905) 4,332 0.001 0.02 0.00 Kandwa (8,845) 4,338 0.001 0.02 0.00 Gawan (8,834) 4,343 0.001 0.02 0.00 Dulhipur (8,824) 4,346 0.001 0.02 0.00 Antu (8,820) 4,347 0.001 0.02 0.00 Chail (8,804) 4,350 0.001 0.02 0.00 Gausganj (8,783) 4,353 0.001 0.02 0.00 Fatehganj Purvi (8,781) 4,354 0.001 0.02 0.00 Others (396,046) 30,000 0.045 1.04 0.12 Total 4.357 100.00 11.60 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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35.3 CITIES SORTED BY DISTRICT - UTTAR PRADESH City by District - Uttar Pradesh: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bah (Agra; 16,628) 3,061 0.002 0.04 0.01 Nainana Jat (Agra; 10,996) 3,975 0.001 0.03 0.00 Achhnera (Agra; 22,760) 2,388 0.003 0.06 0.01 Dhanauli (Agra; 26,749) 2,013 0.003 0.07 0.01 Kheragarh (Agra; 20,350) 2,628 0.002 0.05 0.01 Kiraoli (Agra; 21,560) 2,506 0.002 0.06 0.01 Fatehabad (Agra; 22,012) 2,459 0.003 0.06 0.01 Shamsabad (Agra; 31,062) 1,736 0.004 0.08 0.01 Agra (Agra; 64,036) 20 0.165 3.78 0.44 Jagner (Agra; 11,034) 3,968 0.001 0.03 0.00 Azizpur (Agra; 11,404) 3,899 0.001 0.03 0.00 Pinahat (Agra; 19,403) 2,724 0.002 0.05 0.01 Etmadpur (Agra; 22,120) 2,450 0.003 0.06 0.01 Fatehpur Sikri (Agra; 32,765) 1,647 0.004 0.09 0.01 Iglas (Aligarh; 13,515) 3,530 0.002 0.04 0.00 Qasimpur Power House Colony (Aligarh; 15,672) 3,185 0.002 0.04 0.00 Atrauli (Aligarh; 49,960) 1,106 0.006 0.13 0.02 Jalali (Aligarh; 19,885) 2,676 0.002 0.05 0.01 Harduaganj (Aligarh; 13,177) 3,580 0.002 0.03 0.00 Chharra Rafatpur (Aligarh; 23,731) 2,288 0.003 0.06 0.01 Kauriaganj (Aligarh; 12,057) 3,762 0.001 0.03 0.00 Jatari (Aligarh; 19,414) 2,722 0.002 0.05 0.01 Khair (Aligarh; 31,519) 1,711 0.004 0.08 0.01 Pilkhana (Aligarh; 11,044) 3,964 0.001 0.03 0.00 Aligarh (Aligarh; 760,865) 57 0.087 2.00 0.23 Shankargarh (Allahabad; 14,945) 3,293 0.002 0.04 0.00 Koraon (Allahabad; 13,830) 3,466 0.002 0.04 0.00 Handia (Allahabad; 18,701) 2,808 0.002 0.05 0.01 Lal Gopalganj Nindaura (Allahabad; 25,911) 2,074 0.003 0.07 0.01 Bharatganj (Allahabad; 17,379) 2,972 0.002 0.05 0.01 Sirsa (Allahabad; 13,103) 3,592 0.002 0.03 0.00 Jhusi Kohna (Allahabad; 18,584) 2,827 0.002 0.05 0.01 Jhusi (Allahabad; 15,534) 3,202 0.002 0.04 0.00 Allahabad (Allahabad; 1,128,422) 32 0.129 2.97 0.34 Mau Aima (Allahabad; 20,467) 2,612 0.002 0.05 0.01 Tanda (Ambedaker Nagar; 94,667) 556 0.011 0.25 0.03 Akbarpur (Ambedaker Nagar; 38,616) 1,385 0.004 0.10 0.01 Ashrafpur Kichhauchha (Ambedaker Nagar; 15,292) 3,237 0.002 0.04 0.00 Jalalpur (Ambedaker Nagar; 33,767) 1,596 0.004 0.09 0.01 Iltifatganj Bazar (Ambedaker Nagar; 12,921) 3,624 0.001 0.03 0.00 Dibiyapur (Auraiya; 23,476) 2,313 0.003 0.06 0.01 Phaphund (Auraiya; 17,481) 2,953 0.002 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Achhalda (Auraiya; 9,527) 4,227 0.001 0.03 0.00 Auraiya (Auraiya; 73,608) 733 0.008 0.19 0.02 Atasu (Auraiya; 12,081) 3,757 0.001 0.03 0.00 Bidhuna (Auraiya; 28,241) 1,900 0.003 0.07 0.01 Babarpur Ajitmal (Auraiya; 27,974) 1,918 0.003 0.07 0.01 Azamgarh (Azamgarh; 119,580) 419 0.014 0.31 0.04 Sarai Mir (Azamgarh; 17,692) 2,928 0.002 0.05 0.01 Mehnagar (Azamgarh; 15,177) 3,256 0.002 0.04 0.00 Mahrajganj (Azamgarh; 7,818) 1,796 0.003 0.08 0.01 Nizamabad (Azamgarh; 13,783) 3,471 0.002 0.04 0.00 Jiyanpur (Azamgarh; 11,734) 3,833 0.001 0.03 0.00 Bilariaganj (Azamgarh; 13,550) 3,519 0.002 0.04 0.00 Phulpur (Azamgarh; 9,469) 2,259 0.003 0.06 0.01 Mubarakpur (Azamgarh; 58,204) 929 0.007 0.15 0.02 Katghar Lalganj (Azamgarh; 13,457) 3,541 0.002 0.04 0.00 Azmatgarh (Azamgarh; 12,649) 3,672 0.001 0.03 0.00 Atraulia (Azamgarh; 12,878) 3,633 0.001 0.03 0.00 Amilo (Azamgarh; 24,940) 2,177 0.003 0.07 0.01 Tikri (Baghpat; 15,302) 3,233 0.002 0.04 0.00 Aminagar Sarai (Baghpat; 11,525) 3,875 0.001 0.03 0.00 Doghat (Baghpat; 15,111) 3,267 0.002 0.04 0.00 Baghpat (Baghpat; 41,437) 1,302 0.005 0.11 0.01 Chhaprauli (Baghpat; 20,277) 2,635 0.002 0.05 0.01 Khekada (Baghpat; 46,012) 1,190 0.005 0.12 0.01 Baraut (Baghpat; 97,792) 533 0.011 0.26 0.03 Agarwal Mandi (Baghpat; 14,127) 3,414 0.002 0.04 0.00 Bahraich (Bahraich; 191,861) 240 0.022 0.50 0.06 Nanpara (Bahraich; 48,737) 1,128 0.006 0.13 0.01 Jarwal (Bahraich; 17,978) 2,901 0.002 0.05 0.01 Risia Bazar (Bahraich; 12,680) 3,665 0.001 0.03 0.00 Sahatwar (Ballia; 21,618) 2,503 0.002 0.06 0.01 Maniyar (Ballia; 21,365) 2,515 0.002 0.06 0.01 Reoti (Ballia; 25,186) 2,143 0.003 0.07 0.01 Bansdih (Ballia; 23,054) 2,356 0.003 0.06 0.01 Rasra (Ballia; 33,345) 1,613 0.004 0.09 0.01 Belthara Road (Ballia; 19,582) 2,701 0.002 0.05 0.01 Chitbara Gaon (Ballia; 23,030) 2,360 0.003 0.06 0.01 Ballia (Ballia; 116,484) 434 0.013 0.31 0.04 Tulsipur (Balrampur; 24,196) 2,238 0.003 0.06 0.01 Pachperwa (Balrampur; 16,328) 3,104 0.002 0.04 0.00 Utraula (Balrampur; 31,325) 1,721 0.004 0.08 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Balrampur (Balrampur; 82,293) 655 0.009 0.22 0.03 Naraini (Banda; 14,954) 3,292 0.002 0.04 0.00 Banda (Banda; 153,627) 317 0.018 0.40 0.05 Mataundh (Banda; 9,433) 4,242 0.001 0.02 0.00 Tindwari (Banda; 10,875) 4,002 0.001 0.03 0.00 Bisanda Buzurg (Banda; 12,042) 3,764 0.001 0.03 0.00 Atarra (Banda; 48,353) 1,143 0.006 0.13 0.01 Baberu (Banda; 16,521) 3,076 0.002 0.04 0.01 Tikait Nagar (Barabanki; 9,396) 4,245 0.001 0.02 0.00 Rampur Bhawanipur (Barabanki; 12,880) 3,632 0.001 0.03 0.00 Zaidpur (Barabanki; 34,258) 1,576 0.004 0.09 0.01 Siddhaur (Barabanki; 12,244) 3,727 0.001 0.03 0.00 Dariyabad (Barabanki; 17,845) 2,914 0.002 0.05 0.01 Banki (Barabanki; 19,368) 2,731 0.002 0.05 0.01 Fatehpur (Barabanki; 34,120) 278 0.020 0.45 0.05 Satrikh (Barabanki; 11,542) 3,871 0.001 0.03 0.00 Haidergarh (Barabanki; 16,002) 3,147 0.002 0.04 0.00 Dewa (Barabanki; 14,607) 3,346 0.002 0.04 0.00 Bisharatganj (Bareilly; 14,790) 3,318 0.002 0.04 0.00 Thiriya Nizamat Khan (Bareilly; 21,936) 2,471 0.003 0.06 0.01 Bareilly (Bareilly; 797,450) 54 0.091 2.10 0.24 Pipalsana Chaudhari (Bareilly; 9,075) 4,301 0.001 0.02 0.00 Richha (Bareilly; 19,920) 2,673 0.002 0.05 0.01 Shahi (Bareilly; 15,836) 3,160 0.002 0.04 0.00 Sainthal (Bareilly; 15,258) 3,246 0.002 0.04 0.00 Mirganj (Bareilly; 15,196) 3,251 0.002 0.04 0.00 Fatehganj Pashchimi (Bareilly; 23,714) 2,289 0.003 0.06 0.01 Shergarh (Bareilly; 14,416) 3,368 0.002 0.04 0.00 Fatehganj Purvi (Bareilly; 8,781) 4,354 0.001 0.02 0.00 Dhaura Tanda (Bareilly; 23,352) 2,321 0.003 0.06 0.01 Kakgaina (Bareilly; 11,043) 3,966 0.001 0.03 0.00 Baheri (Bareilly; 66,747) 801 0.008 0.18 0.02 Aonla (Bareilly; 51,576) 1,073 0.006 0.14 0.02 Rithora (Bareilly; 16,003) 3,146 0.002 0.04 0.00 Shishgarh (Bareilly; 23,555) 2,308 0.003 0.06 0.01 Sirauli (Bareilly; 21,674) 2,495 0.002 0.06 0.01 Faridpur (Bareilly; 69,538) 764 0.008 0.18 0.02 Deoranian (Bareilly; 19,899) 2,674 0.002 0.05 0.01 Harraiya (Basti; 9,495) 4,237 0.001 0.02 0.00 Basti (Basti; 121,907) 412 0.014 0.32 0.04 Haldaur (Bijnor; 20,390) 2,623 0.002 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Seohara (Bijnor; 50,120) 1,103 0.006 0.13 0.02 Dhampur (Bijnor; 53,390) 1,030 0.006 0.14 0.02 Chandpur (Bijnor; 77,894) 694 0.009 0.20 0.02 Nehtaur (Bijnor; 50,480) 1,096 0.006 0.13 0.02 Sahanpur (Bijnor; 20,908) 2,560 0.002 0.06 0.01 Sahaspur (Bijnor; 25,757) 2,087 0.003 0.07 0.01 Sherkot (Bijnor; 60,244) 900 0.007 0.16 0.02 Kiratpur (Bijnor; 63,024) 846 0.007 0.17 0.02 Noorpur (Bijnor; 38,264) 1,406 0.004 0.10 0.01 Bijnor (Bijnor; 90,438) 582 0.010 0.24 0.03 Afzalgarh (Bijnor; 28,435) 1,881 0.003 0.07 0.01 Nagina (Bijnor; 81,256) 668 0.009 0.21 0.02 Mukrampur Khema (Bijnor; 12,679) 3,666 0.001 0.03 0.00 Jhalu (Bijnor; 21,309) 2,524 0.002 0.06 0.01 Mandawar (Bijnor; 22,294) 2,439 0.003 0.06 0.01 Warhapur (Bijnor; 23,773) 2,284 0.003 0.06 0.01 Najibabad (Bijnor; 90,118) 583 0.010 0.24 0.03 Gunnaur (Budaun; 21,770) 2,485 0.002 0.06 0.01 Sakhanu (Budaun; 10,038) 4,139 0.001 0.03 0.00 Kakrala (Budaun; 36,896) 1,459 0.004 0.10 0.01 Faizganj (Budaun; 11,436) 3,897 0.001 0.03 0.00 Usehat (Budaun; 13,882) 3,459 0.002 0.04 0.00 Gawan (Budaun; 8,834) 4,343 0.001 0.02 0.00 Dataganj (Budaun; 24,695) 2,203 0.003 0.06 0.01 Usawan (Budaun; 12,203) 3,738 0.001 0.03 0.00 Kachhla (Budaun; 8,930) 4,325 0.001 0.02 0.00 Ujhani (Budaun; 58,163) 930 0.007 0.15 0.02 Babrala (Budaun; 16,462) 3,084 0.002 0.04 0.01 Islamnagar (Budaun; 29,689) 1,806 0.003 0.08 0.01 Wazirganj (Budaun; 19,886) 2,675 0.002 0.05 0.01 Sahaswan (Budaun; 66,311) 808 0.008 0.17 0.02 Budaun (Budaun; 168,800) 285 0.019 0.44 0.05 Bisauli (Budaun; 32,384) 1,667 0.004 0.09 0.01 Allapur (Budaun; 23,616) 2,299 0.003 0.06 0.01 Bilsi (Budaun; 26,851) 2,002 0.003 0.07 0.01 Gulaothi (Bulandshahr; 48,852) 1,124 0.006 0.13 0.01 Bulandshahr (Bulandshahr; 200,840) 228 0.023 0.53 0.06 Aurangabad (Bulandshahr; 22,872) 2,374 0.003 0.06 0.01 Dibai (Bulandshahr; 39,714) 1,351 0.005 0.10 0.01 Khanpur (Bulandshahr; 15,658) 3,187 0.002 0.04 0.00 Bugrasi (Bulandshahr; 14,601) 3,348 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jahangirabad (Bulandshahr; 58,534) 924 0.007 0.15 0.02 Bhawan Bahadur Nagar (Bulandshahr; 10,628) 4,042 0.001 0.03 0.00 Siana (Bulandshahr; 44,477) 1,232 0.005 0.12 0.01 Chhatari (Bulandshahr; 12,404) 3,705 0.001 0.03 0.00 Naraura (Bulandshahr; 23,218) 2,340 0.003 0.06 0.01 Khurja (Bulandshahr; 112,128) 455 0.013 0.30 0.03 Sikandrabad (Bulandshahr; 79,652) 684 0.009 0.21 0.02 Pahasu (Bulandshahr; 19,503) 2,712 0.002 0.05 0.01 Shikarpur (Bulandshahr; 37,751) 1,423 0.004 0.10 0.01 Anupshahr (Bulandshahr; 26,978) 1,992 0.003 0.07 0.01 Chandauli (Chandauli; 22,870) 2,375 0.003 0.06 0.01 Chakia (Chandauli; 15,573) 3,197 0.002 0.04 0.00 Mughalsarai Rly. Settlement (Chandauli; 31,746) 1,697 0.004 0.08 0.01 Mughalsarai (Chandauli; 100,714) 512 0.012 0.26 0.03 Saiyad Raja (Chandauli; 17,884) 2,911 0.002 0.05 0.01 Dulhipur (Chandauli; 8,824) 4,346 0.001 0.02 0.00 Manikpur Sarhat (Chitrakoot; 16,995) 3,022 0.002 0.04 0.01 Rajapur (Chitrakoot; 14,503) 3,361 0.002 0.04 0.00 Chitrakoot Dham (Chitrakoot; 55,667) 979 0.006 0.15 0.02 Majhauli Raj (Deoria; 19,599) 2,698 0.002 0.05 0.01 Bhatpar Rani (Deoria; 14,237) 3,398 0.002 0.04 0.00 Rudrapur (Deoria; 32,275) 1,671 0.004 0.08 0.01 Lar (Deoria; 29,048) 1,840 0.003 0.08 0.01 Salempur (Deoria; 19,264) 2,746 0.002 0.05 0.01 Deoria (Deoria; 118,759) 422 0.014 0.31 0.04 Gaura Barhaj (Deoria; 40,200) 1,340 0.005 0.11 0.01 Bhatni Bazar (Deoria; 16,387) 3,096 0.002 0.04 0.01 Rampur Karkhana (Deoria; 10,937) 3,991 0.001 0.03 0.00 Patiyali (Etah; 13,963) 3,449 0.002 0.04 0.00 Sidhpura (Etah; 14,809) 3,315 0.002 0.04 0.00 Sahawar (Etah; 23,310) 2,328 0.003 0.06 0.01 Soron (Etah; 30,449) 1,768 0.003 0.08 0.01 Bhargain (Etah; 22,763) 2,387 0.003 0.06 0.01 Ganj Dundawara (Etah; 46,998) 1,168 0.005 0.12 0.01 Raja Ka Rampur (Etah; 12,215) 3,733 0.001 0.03 0.00 Awagarh (Etah; 12,268) 3,723 0.001 0.03 0.00 Marehra (Etah; 20,251) 2,637 0.002 0.05 0.01 Bilram (Etah; 13,809) 3,468 0.002 0.04 0.00 Etah (Etah; 122,036) 410 0.014 0.32 0.04 Jaithara (Etah; 11,583) 3,861 0.001 0.03 0.00 Jalesar (Etah; 40,636) 1,324 0.005 0.11 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Aliganj (Etah; 27,654) 1,945 0.003 0.07 0.01 Amanpur (Etah; 10,389) 4,079 0.001 0.03 0.00 Kasganj (Etah; 105,385) 487 0.012 0.28 0.03 Bharthana (Etawah; 44,190) 1,235 0.005 0.12 0.01 Lakhna (Etawah; 11,910) 3,789 0.001 0.03 0.00 Ekdil (Etawah; 11,332) 3,916 0.001 0.03 0.00 Jaswantnagar (Etawah; 28,881) 1,852 0.003 0.08 0.01 Etawah (Etawah; 240,954) 185 0.028 0.63 0.07 Bakewar (Etawah; 14,874) 3,301 0.002 0.04 0.00 Ayodhya (Faizabad; 56,510) 962 0.006 0.15 0.02 Faizabad (Faizabad; 165,138) 295 0.019 0.43 0.05 Rudauli (Faizabad; 41,937) 1,290 0.005 0.11 0.01 Bhadarsa (Faizabad; 12,955) 3,618 0.001 0.03 0.00 Bikapur (Faizabad; 14,078) 3,425 0.002 0.04 0.00 Farrukhabad-cum-Fatehgarh (Farrukhabad; 259,659) 169 0.030 0.68 0.08 Kaimganj (Farrukhabad; 35,469) 1,525 0.004 0.09 0.01 Kampil (Farrukhabad; 9,657) 4,202 0.001 0.03 0.00 Kamalganj (Farrukhabad; 16,704) 3,050 0.002 0.04 0.01 Fatehgarh (Farrukhabad; 16,730) 3,045 0.002 0.04 0.01 Khaga (Fatehpur; 13,697) 3,491 0.002 0.04 0.00 Bahuwa (Fatehpur; 10,611) 4,047 0.001 0.03 0.00 Kora Jahanabad (Fatehpur; 27,404) 1,958 0.003 0.07 0.01 Bindki (Fatehpur; 38,967) 1,381 0.004 0.10 0.01 Tundla Rly. Colony (Firozabad; 13,654) 3,498 0.002 0.04 0.00 Firozabad (Firozabad; 317,687) 139 0.036 0.84 0.10 Jasrana (Firozabad; 10,573) 4,054 0.001 0.03 0.00 Shikohabad (Firozabad; 100,359) 515 0.012 0.26 0.03 Sirsaganj (Firozabad; 30,223) 1,778 0.003 0.08 0.01 Tundla (Firozabad; 45,962) 1,193 0.005 0.12 0.01 Sukhmalpur Nizamabad (Firozabad; 40,254) 1,337 0.005 0.11 0.01 Jahangirpur (Gautam Buddha Nagar; 10,850) 4,008 0.001 0.03 0.00 Rabupura (Gautam Buddha Nagar; 14,841) 3,305 0.002 0.04 0.00 Dankaur (Gautam Buddha Nagar; 13,653) 3,500 0.002 0.04 0.00 Dadri (Gautam Buddha Nagar; 65,471) 816 0.008 0.17 0.02 Noida (Gautam Buddha Nagar; 334,901) 127 0.038 0.88 0.10 Bilaspur (Gautam Buddha Nagar; 8,521) 1,318 0.005 0.11 0.01 Salarpur Khadar (Gautam Buddha Nagar; 12,274) 3,722 0.001 0.03 0.00 Jewar (Gautam Buddha Nagar; 30,709) 1,755 0.004 0.08 0.01 Modinagar (Ghaziabad; 128,667) 389 0.015 0.34 0.04 Pilkhuwa (Ghaziabad; 76,563) 707 0.009 0.20 0.02 Dharoti Khurd (Ghaziabad; 38,759) 1,382 0.004 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dasna (Ghaziabad; 27,835) 1,930 0.003 0.07 0.01 Garhmukteshwar (Ghaziabad; 38,095) 1,411 0.004 0.10 0.01 Patala (Ghaziabad; 11,087) 3,950 0.001 0.03 0.00 Loni (Ghaziabad; 137,488) 358 0.016 0.36 0.04 Ghaziabad (Ghaziabad; 1,103,607) 33 0.127 2.90 0.34 Ordnance Factory Muradnagar (Ghaziabad; 12,254) 3,725 0.001 0.03 0.00 Faridnagar (Ghaziabad; 12,843) 3,640 0.001 0.03 0.00 Muradnagar (Ghaziabad; 84,412) 633 0.010 0.22 0.03 Bisokhar (Ghaziabad; 11,937) 3,780 0.001 0.03 0.00 Behta Hajipur (Ghaziabad; 107,583) 477 0.012 0.28 0.03 Niwari (Ghaziabad; 11,302) 3,920 0.001 0.03 0.00 Hapur (Ghaziabad; 241,554) 184 0.028 0.64 0.07 Begumabad Budhana (Ghaziabad; 18,514) 2,833 0.002 0.05 0.01 Sadat (Ghazipur; 11,784) 3,815 0.001 0.03 0.00 Ghazipur (Ghazipur; 108,527) 469 0.012 0.29 0.03 Bahadurganj (Ghazipur; 18,433) 2,844 0.002 0.05 0.01 Saidpur (Ghazipur; 24,566) 2,214 0.003 0.06 0.01 Jangipur (Ghazipur; 12,648) 3,673 0.001 0.03 0.00 Zamania (Ghazipur; 32,914) 1,640 0.004 0.09 0.01 Dildarnagar Fatehpur Bazar (Ghazipur; 13,000) 3,612 0.001 0.03 0.00 Mohammadabad (Ghazipur; 34,451) 1,571 0.004 0.09 0.01 Katra (Gonda; 7,327) 1,790 0.003 0.08 0.01 Mankapur (Gonda; 10,101) 4,133 0.001 0.03 0.00 Colonelganj (Gonda; 27,533) 1,951 0.003 0.07 0.01 Gonda (Gonda; 139,203) 352 0.016 0.37 0.04 Khargupur (Gonda; 10,147) 4,121 0.001 0.03 0.00 Indian Telephone Industry (Gonda; 10,879) 4,001 0.001 0.03 0.00 Sahjanwa (Gorakhpur; 28,591) 1,872 0.003 0.08 0.01 Gola Bazar (Gorakhpur; 12,093) 3,755 0.001 0.03 0.00 Air Force Area (Gorakhpur; 10,931) 3,992 0.001 0.03 0.00 Mundera Bazar (Gorakhpur; 12,792) 3,648 0.001 0.03 0.00 Bansgaon (Gorakhpur; 16,051) 3,136 0.002 0.04 0.00 Gorakhpur (Gorakhpur; 711,683) 60 0.082 1.87 0.22 Pipraich (Gorakhpur; 16,897) 3,031 0.002 0.04 0.01 Barhalganj (Gorakhpur; 21,845) 2,480 0.003 0.06 0.01 Pipiganj (Gorakhpur; 12,974) 3,616 0.001 0.03 0.00 Kurara (Hamirpur; 13,086) 3,594 0.002 0.03 0.00 Rath (Hamirpur; 63,740) 840 0.007 0.17 0.02 Maudaha (Hamirpur; 39,217) 1,368 0.004 0.10 0.01 Sarila (Hamirpur; 8,954) 4,321 0.001 0.02 0.00 Hamirpur (Hamirpur; 36,503) 1,480 0.004 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Sumerpur (Hamirpur; 28,095) 1,910 0.003 0.07 0.01 Shahabad (Hardoi; 77,098) 702 0.009 0.20 0.02 Sandi (Hardoi; 26,473) 2,040 0.003 0.07 0.01 Pihani (Hardoi; 31,375) 1,719 0.004 0.08 0.01 Sandila (Hardoi; 55,642) 981 0.006 0.15 0.02 Gopamau (Hardoi; 14,362) 3,375 0.002 0.04 0.00 Beniganj (Hardoi; 10,830) 4,014 0.001 0.03 0.00 Bilgram (Hardoi; 28,820) 1,862 0.003 0.08 0.01 Kachhauna Patseni (Hardoi; 15,387) 3,219 0.002 0.04 0.00 Madhoganj (Hardoi; 11,236) 3,929 0.001 0.03 0.00 Mallawan (Hardoi; 36,210) 1,489 0.004 0.10 0.01 Hardoi (Hardoi; 128,162) 393 0.015 0.34 0.04 Sahpau NP (Hathras; 9,076) 4,300 0.001 0.02 0.00 Sadabad (Hathras; 36,164) 1,495 0.004 0.10 0.01 Hathras (Hathras; 140,433) 351 0.016 0.37 0.04 Mursan (Hathras; 13,161) 3,582 0.002 0.03 0.00 Sikandra Rao (Hathras; 43,853) 1,244 0.005 0.12 0.01 Mendu (Hathras; 13,675) 3,495 0.002 0.04 0.00 Sasni (Hathras; 14,748) 3,326 0.002 0.04 0.00 Purdilnagar (Hathras; 18,390) 2,847 0.002 0.05 0.01 Jalaun (Jalaun; 57,011) 953 0.007 0.15 0.02 Konch (Jalaun; 57,807) 939 0.007 0.15 0.02 Orai (Jalaun; 158,893) 306 0.018 0.42 0.05 Kalpi (Jalaun; 48,836) 1,125 0.006 0.13 0.01 Madhogarh (Jalaun; 11,476) 3,886 0.001 0.03 0.00 Umri (Jalaun; 10,046) 4,137 0.001 0.03 0.00 Kadaura (Jalaun; 14,423) 3,367 0.002 0.04 0.00 Kotra (Jalaun; 9,205) 4,277 0.001 0.02 0.00 Rampura (Jalaun; 12,094) 3,754 0.001 0.03 0.00 Machhlishahr (Jaunpur; 26,143) 2,060 0.003 0.07 0.01 Mariahu (Jaunpur; 22,951) 2,364 0.003 0.06 0.01 Jafarabad (Jaunpur; 10,029) 4,141 0.001 0.03 0.00 Kerakat (Jaunpur; 14,212) 3,400 0.002 0.04 0.00 Shahganj (Jaunpur; 28,025) 1,915 0.003 0.07 0.01 Kheta Sarai (Jaunpur; 18,491) 2,837 0.002 0.05 0.01 Jaunpur (Jaunpur; 182,312) 258 0.021 0.48 0.06 Mogra Badshahpur (Jaunpur; 20,222) 2,641 0.002 0.05 0.01 Jhansi Rly. Settlement (Jhansi; 17,662) 2,931 0.002 0.05 0.01 Garautha (Jhansi; 9,958) 4,154 0.001 0.03 0.00 Chirgaon (Jhansi; 16,072) 3,135 0.002 0.04 0.00 Babina (Jhansi; 36,403) 1,484 0.004 0.10 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Gursarai (Jhansi; 26,198) 2,054 0.003 0.07 0.01 Erich (Jhansi; 9,712) 4,191 0.001 0.03 0.00 Baragaon (Jhansi; 9,160) 3,775 0.001 0.03 0.00 Barua Sagar (Jhansi; 25,154) 2,150 0.003 0.07 0.01 Jhansi (Jhansi; 436,702) 99 0.050 1.15 0.13 Mauranipur (Jhansi; 57,983) 933 0.007 0.15 0.02 Tondi Fatehpur (Jhansi; 11,508) 3,877 0.001 0.03 0.00 Ranipur (Jhansi; 20,544) 2,603 0.002 0.05 0.01 Moth (Jhansi; 14,846) 3,304 0.002 0.04 0.00 Samthar (Jhansi; 23,048) 2,358 0.003 0.06 0.01 Khailar (Jhansi; 14,065) 3,427 0.002 0.04 0.00 Hasanpur (Jyotiba Phule Nagar; 60,780) 888 0.007 0.16 0.02 Bachhraon (Jyotiba Phule Nagar; 31,659) 1,706 0.004 0.08 0.01 Amroha (Jyotiba Phule Nagar; 187,888) 248 0.022 0.49 0.06 Gajraula (Jyotiba Phule Nagar; 45,381) 1,206 0.005 0.12 0.01 Joya (Jyotiba Phule Nagar; 15,201) 3,250 0.002 0.04 0.00 Naugawan Sadat (Jyotiba Phule Nagar; 30,851) 1,747 0.004 0.08 0.01 Ujhari (Jyotiba Phule Nagar; 21,325) 2,523 0.002 0.06 0.01 Dhanaura (Jyotiba Phule Nagar; 27,877) 1,927 0.003 0.07 0.01 Samdhan (Kannauj; 28,840) 1,857 0.003 0.08 0.01 Chhibramau (Kannauj; 57,292) 947 0.007 0.15 0.02 Saurikh (Kannauj; 12,407) 3,704 0.001 0.03 0.00 Sikanderpur (Kannauj; 8,619) 2,191 0.003 0.07 0.01 Gursahaiganj (Kannauj; 40,739) 1,317 0.005 0.11 0.01 Talgram (Kannauj; 11,805) 3,811 0.001 0.03 0.00 Kannauj (Kannauj; 81,507) 666 0.009 0.21 0.02 Tirwaganj (Kannauj; 23,050) 2,357 0.003 0.06 0.01 Rura (Kanpur Dehat; 16,387) 3,095 0.002 0.04 0.01 Sikandra (Kanpur Dehat; 12,402) 3,706 0.001 0.03 0.00 Shivli (Kanpur Dehat; 8,922) 4,326 0.001 0.02 0.00 Amraudha (Kanpur Dehat; 10,130) 4,125 0.001 0.03 0.00 Gausganj (Kanpur Dehat; 8,783) 4,353 0.001 0.02 0.00 Pukhrayan (Kanpur Dehat; 22,685) 2,396 0.003 0.06 0.01 Jhinjhak (Kanpur Dehat; 23,252) 2,333 0.003 0.06 0.01 Armapur Estate (Kanpur Nagar; 23,698) 2,291 0.003 0.06 0.01 Kanpur (Kanpur Nagar; 108,000) 9 0.331 7.59 0.88 Bilhaur (Kanpur Nagar; 20,574) 2,597 0.002 0.05 0.01 Ghatampur (Kanpur Nagar; 40,447) 1,333 0.005 0.11 0.01 Bithoor (Kanpur Nagar; 10,993) 3,976 0.001 0.03 0.00 Northern Rly. Colony (Kanpur Nagar; 33,852) 1,590 0.004 0.09 0.01 Choubepur Kalan (Kanpur Nagar; 9,517) 4,228 0.001 0.03 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Shivrajpur (Kanpur Nagar; 11,594) 3,859 0.001 0.03 0.00 Chakeri (Kanpur Nagar; 9,777) 4,181 0.001 0.03 0.00 Ajhuwa (Kaushambi; 16,432) 3,088 0.002 0.04 0.01 Karari (Kaushambi; 14,533) 3,359 0.002 0.04 0.00 Sirathu (Kaushambi; 13,911) 3,453 0.002 0.04 0.00 Chail (Kaushambi; 8,804) 4,350 0.001 0.02 0.00 Sarai Aquil (Kaushambi; 17,911) 2,908 0.002 0.05 0.01 Manjhanpur (Kaushambi; 16,124) 3,126 0.002 0.04 0.00 Bharwari (Kaushambi; 16,837) 3,033 0.002 0.04 0.01 Mailani (Kheri; 15,162) 3,260 0.002 0.04 0.00 Kheri (Kheri; 28,506) 1,877 0.003 0.08 0.01 Singahi Bhiraura (Kheri; 19,514) 2,711 0.002 0.05 0.01 Oel Dhakwa (Kheri; 12,622) 3,677 0.001 0.03 0.00 Dhaurehra (Kheri; 21,516) 2,510 0.002 0.06 0.01 Mohammadi (Kheri; 43,787) 1,245 0.005 0.12 0.01 Barwar (Kheri; 13,446) 3,542 0.002 0.04 0.00 Lakhimpur (Kheri; 137,382) 359 0.016 0.36 0.04 Gola Gokarannath (Kheri; 61,340) 873 0.007 0.16 0.02 Palia Kalan (Kheri; 39,882) 1,348 0.005 0.10 0.01 Sewarhi (Kushinagar; 22,519) 2,411 0.003 0.06 0.01 Hata (Kushinagar; 12,829) 3,643 0.001 0.03 0.00 Ramkola (Kushinagar; 15,193) 3,252 0.002 0.04 0.00 Padrauna (Kushinagar; 50,544) 1,093 0.006 0.13 0.02 Kaptanganj (Kushinagar; 13,096) 3,593 0.002 0.03 0.00 Kushinagar (Kushinagar; 20,490) 2,608 0.002 0.05 0.01 Khadda (Kushinagar; 16,331) 3,103 0.002 0.04 0.00 Mahroni (Lalitpur; 9,853) 4,171 0.001 0.03 0.00 Talbehat (Lalitpur; 14,430) 3,366 0.002 0.04 0.00 Lalitpur (Lalitpur; 127,405) 396 0.015 0.34 0.04 Pali (Lalitpur; 9,925) 2,927 0.002 0.05 0.01 Kakori (Lucknow; 19,065) 2,765 0.002 0.05 0.01 Lucknow (Lucknow; 67,905) 12 0.288 6.62 0.77 Gosainganj (Lucknow; 10,220) 3,372 0.002 0.04 0.00 Nagram (Lucknow; 10,504) 4,066 0.001 0.03 0.00 Malihabad (Lucknow; 18,011) 2,899 0.002 0.05 0.01 Nichlaul (Maharajganj; 17,663) 2,930 0.002 0.05 0.01 Nautanwa (Maharajganj; 33,340) 1,614 0.004 0.09 0.01 Ghughuli (Maharajganj; 11,750) 3,827 0.001 0.03 0.00 Siswa Bazar (Maharajganj; 21,518) 2,509 0.002 0.06 0.01 Anandnagar (Maharajganj; 11,601) 3,858 0.001 0.03 0.00 Kul Pahar (Mahoba; 19,869) 2,677 0.002 0.05 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Charkhari (Mahoba; 27,146) 1,979 0.003 0.07 0.01 Kharela (Mahoba; 15,344) 3,229 0.002 0.04 0.00 Mahoba (Mahoba; 89,798) 585 0.010 0.24 0.03 Kabrai (Mahoba; 24,220) 2,236 0.003 0.06 0.01 Ghiraur (Mainpuri; 13,797) 3,469 0.002 0.04 0.00 Karhal (Mainpuri; 27,950) 1,922 0.003 0.07 0.01 Kishni (Mainpuri; 10,156) 4,119 0.001 0.03 0.00 Kuraoli (Mainpuri; 23,564) 2,307 0.003 0.06 0.01 Kusmara (Mainpuri; 10,359) 4,083 0.001 0.03 0.00 Bewar (Mainpuri; 23,995) 2,260 0.003 0.06 0.01 Bhogaon (Mainpuri; 30,537) 1,764 0.004 0.08 0.01 Mainpuri (Mainpuri; 102,023) 503 0.012 0.27 0.03 Raya (Mathura; 20,499) 2,607 0.002 0.05 0.01 Aurangabad Bangar (Mathura; 10,049) 4,136 0.001 0.03 0.00 Baldeo (Mathura; 11,047) 3,960 0.001 0.03 0.00 Mahaban (Mathura; 9,809) 4,172 0.001 0.03 0.00 Nandgaon (Mathura; 11,345) 3,914 0.001 0.03 0.00 Vrindavan (Mathura; 64,515) 830 0.007 0.17 0.02 Govardhan (Mathura; 21,094) 2,544 0.002 0.06 0.01 Bad (Mathura; 16,739) 3,044 0.002 0.04 0.01 Kosi Kalan (Mathura; 52,056) 1,059 0.006 0.14 0.02 Mathura (Mathura; 340,506) 123 0.039 0.90 0.10 Barsana (Mathura; 10,500) 4,068 0.001 0.03 0.00 Saunkh (Mathura; 9,672) 4,199 0.001 0.03 0.00 Farah (Mathura; 9,343) 4,249 0.001 0.02 0.00 Chhata (Mathura; 22,603) 2,404 0.003 0.06 0.01 Chaumuhan (Mathura; 11,259) 3,925 0.001 0.03 0.00 Maunath Bhanjan (Mau; 239,371) 187 0.027 0.63 0.07 Adari (Mau; 13,681) 3,494 0.002 0.04 0.00 Ghosi (Mau; 40,831) 1,315 0.005 0.11 0.01 Dohrighat (Mau; 11,674) 3,845 0.001 0.03 0.00 Kurthi Jafarpur (Mau; 13,609) 3,507 0.002 0.04 0.00 Kopaganj (Mau; 35,128) 1,540 0.004 0.09 0.01 Muhammadabad (Mau; 24,368) 2,229 0.003 0.06 0.01 Phalauda (Meerut; 19,599) 2,697 0.002 0.05 0.01 Sewalkhas (Meerut; 21,005) 2,553 0.002 0.06 0.01 Sardhana (Meerut; 54,661) 1,002 0.006 0.14 0.02 Bahsuma (Meerut; 12,034) 3,766 0.001 0.03 0.00 Parikshitgarh (Meerut; 19,826) 2,682 0.002 0.05 0.01 Meerut (Meerut; 106,165) 25 0.140 3.22 0.37 Mawana (Meerut; 78,851) 689 0.009 0.21 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Hastinapur (Meerut; 24,212) 2,237 0.003 0.06 0.01 Kharkhoda (Meerut; 14,169) 3,406 0.002 0.04 0.00 Daurala (Meerut; 12,174) 3,741 0.001 0.03 0.00 Kithaur (Meerut; 26,789) 2,009 0.003 0.07 0.01 Lawar NP (Meerut; 20,568) 2,600 0.002 0.05 0.01 Karnawal (Meerut; 14,378) 3,374 0.002 0.04 0.00 Chunar (Mirzapur; 38,650) 1,384 0.004 0.10 0.01 Ahraura (Mirzapur; 26,370) 2,046 0.003 0.07 0.01 Kachhwa (Mirzapur; 16,764) 3,042 0.002 0.04 0.01 Mirzapur-cum-Vindhyachal (Mirzapur; 233,894) 195 0.027 0.62 0.07 Sambhal (Moradabad; 208,445) 220 0.024 0.55 0.06 Rustamnagar Sahaspur (Moradabad; 16,178) 3,119 0.002 0.04 0.00 Bhojpur Dharampur (Moradabad; 27,798) 1,932 0.003 0.07 0.01 Chandausi (Moradabad; 118,229) 425 0.014 0.31 0.04 Bilari (Moradabad; 34,465) 1,570 0.004 0.09 0.01 Kanth (Moradabad; 26,872) 1,998 0.003 0.07 0.01 Umri Kalan (Moradabad; 17,423) 2,960 0.002 0.05 0.01 Kundarki (Moradabad; 27,963) 1,920 0.003 0.07 0.01 Moradabad (Moradabad; 730,678) 59 0.084 1.92 0.22 Bahjoi (Moradabad; 34,176) 1,577 0.004 0.09 0.01 Sirsi (Moradabad; 24,322) 2,230 0.003 0.06 0.01 Narauli (Moradabad; 19,009) 2,773 0.002 0.05 0.01 Thakurdwara (Moradabad; 40,200) 1,341 0.005 0.11 0.01 Un (Muzaffarnagar; 16,577) 3,071 0.002 0.04 0.01 Khatauli Rural (Muzaffarnagar; 12,235) 3,729 0.001 0.03 0.00 Khatauli (Muzaffarnagar; 66,656) 803 0.008 0.18 0.02 Sisauli (Muzaffarnagar; 17,287) 2,986 0.002 0.05 0.01 Budhana (Muzaffarnagar; 37,545) 1,435 0.004 0.10 0.01 Purquazi (Muzaffarnagar; 26,807) 2,007 0.003 0.07 0.01 Thana Bhawan (Muzaffarnagar; 35,532) 1,522 0.004 0.09 0.01 Kandhla (Muzaffarnagar; 45,788) 1,197 0.005 0.12 0.01 Shamli (Muzaffarnagar; 102,395) 501 0.012 0.27 0.03 Bhokarhedi (Muzaffarnagar; 18,201) 2,875 0.002 0.05 0.01 Charthaval (Muzaffarnagar; 22,333) 2,436 0.003 0.06 0.01 Garhi Pukhta (Muzaffarnagar; 13,792) 3,470 0.002 0.04 0.00 Ailum (Muzaffarnagar; 14,872) 3,302 0.002 0.04 0.00 Jhinjhana (Muzaffarnagar; 20,117) 2,650 0.002 0.05 0.01 Muzaffarnagar (Muzaffarnagar; 360,590) 115 0.041 0.95 0.11 Shahpur (Muzaffarnagar; 19,583) 2,700 0.002 0.05 0.01 Miranpur (Muzaffarnagar; 29,741) 1,804 0.003 0.08 0.01 Kairana (Muzaffarnagar; 83,234) 646 0.010 0.22 0.03 Banat (Muzaffarnagar; 21,741) 2,488 0.002 0.06 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jansath (Muzaffarnagar; 20,262) 2,636 0.002 0.05 0.01 Bilsanda (Pilibhit; 15,353) 3,228 0.002 0.04 0.00 Kalinagar (Pilibhit; 11,377) 3,906 0.001 0.03 0.00 Pilibhit (Pilibhit; 141,389) 350 0.016 0.37 0.04 Bisalpur (Pilibhit; 69,143) 770 0.008 0.18 0.02 Puranpur (Pilibhit; 42,381) 1,279 0.005 0.11 0.01 Nyoria Husainpur (Pilibhit; 22,541) 2,410 0.003 0.06 0.01 Barkhera (Pilibhit; 11,259) 3,926 0.001 0.03 0.00 Jahanabad (Pilibhit; 14,152) 3,409 0.002 0.04 0.00 Kunda (Pratapgarh; 25,446) 2,115 0.003 0.07 0.01 Antu (Pratapgarh; 8,820) 4,347 0.001 0.02 0.00 Patti (Pratapgarh; 10,025) 4,142 0.001 0.03 0.00 Manikpur (Pratapgarh; 15,332) 3,231 0.002 0.04 0.00 Pratapgarh City (Pratapgarh; 14,060) 3,429 0.002 0.04 0.00 Katra Medniganj (Pratapgarh; 8,905) 4,332 0.001 0.02 0.00 Bela Pratapgarh (Pratapgarh; 81,854) 661 0.009 0.22 0.02 Bachhrawan (Rae Bareli; 13,536) 3,526 0.002 0.04 0.00 Parsadepur (Rae Bareli; 10,955) 3,985 0.001 0.03 0.00 Dalmau (Rae Bareli; 10,219) 4,108 0.001 0.03 0.00 Unchahar (Rae Bareli; 10,603) 4,050 0.001 0.03 0.00 Salon (Rae Bareli; 15,002) 3,281 0.002 0.04 0.00 Rae Bareli (Rae Bareli; 192,896) 236 0.022 0.51 0.06 Jais (Rae Bareli; 27,764) 1,935 0.003 0.07 0.01 Lalganj (Rae Bareli; 24,083) 2,248 0.003 0.06 0.01 Suar (Rampur; 29,788) 1,803 0.003 0.08 0.01 Kemri (Rampur; 27,181) 1,977 0.003 0.07 0.01 Milak (Rampur; 29,124) 1,833 0.003 0.08 0.01 Maswasi (Rampur; 17,328) 2,980 0.002 0.05 0.01 Rampur (Rampur; 320,819) 136 0.037 0.84 0.10 Chhutmalpur (Saharanpur; 11,737) 3,832 0.001 0.03 0.00 Chilkana Sultanpur (Saharanpur; 18,357) 2,854 0.002 0.05 0.01 Rampur Maniharan (Saharanpur; 28,272) 1,899 0.003 0.07 0.01 Sarsawan (Saharanpur; 19,161) 2,759 0.002 0.05 0.01 Kailashpur (Saharanpur; 11,080) 3,952 0.001 0.03 0.00 Titron (Saharanpur; 11,963) 3,778 0.001 0.03 0.00 Gangoh (Saharanpur; 61,471) 870 0.007 0.16 0.02 Ambehta (Saharanpur; 14,931) 3,296 0.002 0.04 0.00 Nanauta (Saharanpur; 19,362) 2,735 0.002 0.05 0.01 Deoband (Saharanpur; 93,102) 566 0.011 0.24 0.03 Nakur (Saharanpur; 23,512) 2,310 0.003 0.06 0.01 Saharanpur (Saharanpur; 516,098) 81 0.059 1.36 0.16 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Maghar (Sant Kabir Nagar; 18,042) 2,895 0.002 0.05 0.01 Ledwa Mahua (Sant Kabir Nagar; 13,131) 3,586 0.002 0.03 0.00 Mehdawal (Sant Kabir Nagar; 28,126) 1,908 0.003 0.07 0.01 Khalilabad (Sant Kabir Nagar; 45,367) 1,207 0.005 0.12 0.01 Hariharpur (Sant Kabir Nagar; 10,548) 4,060 0.001 0.03 0.00 Gyanpur (Sant Ravidas Nagar; 13,738) 3,482 0.002 0.04 0.00 Khamaria (Sant Ravidas Nagar; 26,802) 2,008 0.003 0.07 0.01 Gopiganj (Sant Ravidas Nagar; 20,440) 2,620 0.002 0.05 0.01 Suriyawan (Sant Ravidas Nagar; 19,387) 2,728 0.002 0.05 0.01 Ghosia Bazar (Sant Ravidas Nagar; 17,979) 2,900 0.002 0.05 0.01 Nai Bazar (Sant Ravidas Nagar; 13,545) 3,522 0.002 0.04 0.00 Bhadohi (Sant Ravidas Nagar; 84,822) 626 0.010 0.22 0.03 Shahjahanpur (Shahjahanpur; 339,487) 125 0.039 0.89 0.10 Jalalabad (Shahjahanpur; 35,451) 1,528 0.004 0.09 0.01 Allahganj (Shahjahanpur; 13,624) 3,503 0.002 0.04 0.00 Tilhar (Shahjahanpur; 60,289) 898 0.007 0.16 0.02 Khutar (Shahjahanpur; 16,202) 3,114 0.002 0.04 0.00 Rly. Settlement Roza (Shahjahanpur; 11,963) 3,777 0.001 0.03 0.00 Powayan (Shahjahanpur; 26,683) 2,020 0.003 0.07 0.01 Khudaganj (Shahjahanpur; 13,496) 3,534 0.002 0.04 0.00 Ikauna (Shrawasti; 14,753) 3,325 0.002 0.04 0.00 Bhinga (Shrawasti; 23,245) 2,336 0.003 0.06 0.01 Barhani Bazar (Siddharthnagar; 13,473) 3,538 0.002 0.04 0.00 Shohratgarh (Siddharthnagar; 9,499) 4,236 0.001 0.02 0.00 Bansi (Siddharthnagar; 40,597) 1,328 0.005 0.11 0.01 Tetri Bazar (Siddharthnagar; 24,972) 2,172 0.003 0.07 0.01 Hargaon (Sitapur; 20,479) 2,611 0.002 0.05 0.01 Khairabad (Sitapur; 43,715) 1,248 0.005 0.12 0.01 Misrikh-cum-Neemsar (Sitapur; 17,278) 2,988 0.002 0.05 0.01 Sidhauli (Sitapur; 22,261) 2,443 0.003 0.06 0.01 Maholi (Sitapur; 20,973) 2,557 0.002 0.06 0.01 Mahmudabad (Sitapur; 47,757) 1,156 0.005 0.13 0.01 Biswan (Sitapur; 54,405) 1,009 0.006 0.14 0.02 Sitapur (Sitapur; 173,003) 277 0.020 0.46 0.05 Laharpur (Sitapur; 57,065) 951 0.007 0.15 0.02 Paintepur (Sitapur; 12,742) 3,653 0.001 0.03 0.00 Tambaur-cum-Ahmadabad (Sitapur; 22,428) 2,429 0.003 0.06 0.01 Robertsganj (Sonbhadra; 36,701) 1,467 0.004 0.10 0.01 Anpara (Sonbhadra; 25,507) 2,111 0.003 0.07 0.01 Churk Ghurma (Sonbhadra; 9,896) 4,163 0.001 0.03 0.00 Pipri (Sonbhadra; 15,056) 3,271 0.002 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttar Pradesh: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Renukoot (Sonbhadra; 60,989) 882 0.007 0.16 0.02 Dudhi (Sonbhadra; 13,225) 3,573 0.002 0.03 0.00 Chopan (Sonbhadra; 13,823) 3,467 0.002 0.04 0.00 Bijpur (Sonbhadra; 10,520) 4,063 0.001 0.03 0.00 Khariya (Sonbhadra; 11,208) 3,933 0.001 0.03 0.00 Obra (Sonbhadra; 59,706) 907 0.007 0.16 0.02 Parasi (Sonbhadra; 24,160) 2,241 0.003 0.06 0.01 Kota (Sonbhadra; 15,433) 3,213 0.002 0.04 0.00 Jamshila (Sonbhadra; 11,702) 3,842 0.001 0.03 0.00 Amethi (Sultanpur; 14,594) 3,349 0.002 0.04 0.00 Dostpur (Sultanpur; 13,534) 3,527 0.002 0.04 0.00 Sultanpur (Sultanpur; 114,045) 443 0.013 0.30 0.03 Gangaghat (Unnao; 80,694) 674 0.009 0.21 0.02 Unnao (Unnao; 165,130) 296 0.019 0.43 0.05 Maurawan (Unnao; 16,085) 3,131 0.002 0.04 0.00 Nawabganj (Unnao; 11,209) 621 0.010 0.23 0.03 Ganj Muradabad (Unnao; 10,685) 4,037 0.001 0.03 0.00 Majhara Pipar Ehatmali (Unnao; 19,152) 2,760 0.002 0.05 0.01 Mohan (Unnao; 15,443) 3,211 0.002 0.04 0.00 Purwa (Unnao; 24,151) 2,243 0.003 0.06 0.01 Bangarmau (Unnao; 36,037) 1,500 0.004 0.09 0.01 Safipur (Unnao; 25,527) 2,109 0.003 0.07 0.01 Shivdaspur (Varanasi; 13,027) 3,606 0.001 0.03 0.00 Lohta (Varanasi; 22,442) 2,425 0.003 0.06 0.01 Maruadih Rly. Settlement (Varanasi; 21,346) 2,518 0.002 0.06 0.01 Kotwa (Varanasi; 14,142) 3,412 0.002 0.04 0.00 Ramnagar (Varanasi; 45,512) 1,205 0.005 0.12 0.01 Kandwa (Varanasi; 8,845) 4,338 0.001 0.02 0.00 Varanasi (Varanasi; 19,651) 24 0.144 3.30 0.38 Phulwaria (Varanasi; 13,368) 3,555 0.002 0.04 0.00 Others (N/A; 396,046) 30,000 0.045 1.04 0.12 Total 4.357 100.00 11.60 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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36 UTTARANCHAL 36.1 LATENT DEMAND BY YEAR - UTTARANCHAL

The Latent Demand for Depilatories in Uttaranchal: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 0.212 0.91 2005 0.227 0.88 2006 0.244 0.86 2007 0.261 0.84 2008 0.280 0.82 2009 0.300 0.80 2010 0.321 0.78 2011 0.344 0.76 2012 0.369 0.74 2013 0.395 0.73 2014 0.423 0.71 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

Uttaranchal - Top Cities: Depilatories in 2009

Dehradun

Hardwar

Haldwani-cum-Kathgodam

Roorkee

Others

The Latent Demand for Depilatories in India and Uttaranchal: 2009

UttaranchalIndia

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36.2 CITIES SORTED BY RANK - UTTARANCHAL Uttaranchal - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Dehradun (489,653) 73 0.064 21.52 0.17 Hardwar (191,363) 211 0.025 8.41 0.07 Haldwani-cum-Kathgodam (141,207) 302 0.019 6.21 0.05 Roorkee (106,134) 411 0.014 4.67 0.04 Kashipur (101,666) 432 0.013 4.47 0.04 Rudrapur (97,010) 458 0.013 4.26 0.03 Rishikesh (65,247) 722 0.009 2.87 0.02 Ramnagar (51,500) 915 0.007 2.26 0.02 Bharat Heavy Electrical Ltd. (47,294) 1,010 0.006 2.08 0.02 Manglaur (46,780) 1,023 0.006 2.06 0.02 Pithoragarh (45,003) 1,068 0.006 1.98 0.02 Jaspur (42,697) 1,121 0.006 1.88 0.01 Nainital (42,162) 1,137 0.006 1.85 0.01 Almora (33,474) 1,395 0.004 1.47 0.01 Kichha (33,369) 1,401 0.004 1.47 0.01 Mussoori (28,505) 1,652 0.004 1.25 0.01 Tehri (27,801) 1,683 0.004 1.22 0.01 Kotdwara (27,773) 1,687 0.004 1.22 0.01 Raipur (27,213) 1,723 0.004 1.20 0.01 Pauri (27,054) 1,735 0.004 1.19 0.01 Nagla (25,088) 1,860 0.003 1.10 0.01 Sitarganj (23,993) 1,949 0.003 1.05 0.01 Bajpur (23,817) 1,968 0.003 1.05 0.01 Srinagar (21,717) 2,174 0.003 0.95 0.01 Chamoli Gopeshwar (21,710) 2,176 0.003 0.95 0.01 Clement Town (21,469) 2,204 0.003 0.94 0.01 Ranikhet (20,829) 2,268 0.003 0.92 0.01 Laksar (19,944) 2,367 0.003 0.88 0.01 Uttarkashi (17,736) 2,624 0.002 0.78 0.01 Landaura (17,519) 2,647 0.002 0.77 0.01 Tanakpur (17,287) 2,679 0.002 0.76 0.01 Dhandera (16,726) 2,751 0.002 0.74 0.01 Khatima (15,722) 2,888 0.002 0.69 0.01 Gadarpur (14,912) 3,003 0.002 0.66 0.01 Veerbhadra (14,511) 3,052 0.002 0.64 0.01 Joshimath (14,436) 3,068 0.002 0.63 0.01 Vikasnagar (13,652) 3,183 0.002 0.60 0.00 Dhaluwala (12,253) 3,423 0.002 0.54 0.00 Jhabrera (10,254) 3,818 0.001 0.45 0.00 Herbertpur (10,106) 3,855 0.001 0.44 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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Uttaranchal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kashirampur (9,877) 3,913 0.001 0.43 0.00 Bandia (9,728) 3,936 0.001 0.43 0.00 Mahua Kheraganj (9,687) 3,943 0.001 0.43 0.00 Dineshpur (9,684) 3,944 0.001 0.43 0.00 Mohanpur Mohammadpur (9,513) 3,993 0.001 0.42 0.00 Doiwala (8,799) 4,131 0.001 0.39 0.00 Lansdowne (8,640) 4,159 0.001 0.38 0.00 Muni Ki Reti (8,615) 4,162 0.001 0.38 0.00 Bageshwar (8,532) 4,174 0.001 0.38 0.00 Kela Khera (8,510) 4,180 0.001 0.37 0.00 Sultanpur (8,434) 4,193 0.001 0.37 0.00 Gochar (7,958) 4,287 0.001 0.35 0.00 Banbasa (7,805) 4,318 0.001 0.34 0.00 Pratitnagar (7,739) 4,334 0.001 0.34 0.00 Karn Prayag (7,628) 4,357 0.001 0.34 0.00 Others (117,360) 30,000 0.015 5.16 0.04 Total 0.300 100.00 0.80 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

36.3 CITIES SORTED BY DISTRICT - UTTARANCHAL City by District - Uttaranchal: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Almora (Almora; 33,474) 1,395 0.004 1.47 0.01 Ranikhet (Almora; 20,829) 2,268 0.003 0.92 0.01 Bageshwar (Bageshwar; 8,532) 4,174 0.001 0.38 0.00 Chamoli Gopeshwar (Chamoli; 21,710) 2,176 0.003 0.95 0.01 Joshimath (Chamoli; 14,436) 3,068 0.002 0.63 0.01 Karn Prayag (Chamoli; 7,628) 4,357 0.001 0.34 0.00 Gochar (Chamoli; 7,958) 4,287 0.001 0.35 0.00 Tanakpur (Champawat; 17,287) 2,679 0.002 0.76 0.01 Banbasa (Champawat; 7,805) 4,318 0.001 0.34 0.00 Rishikesh (Dehradun; 65,247) 722 0.009 2.87 0.02 Raipur (Dehradun; 27,213) 1,723 0.004 1.20 0.01 Doiwala (Dehradun; 8,799) 4,131 0.001 0.39 0.00 Vikasnagar (Dehradun; 13,652) 3,183 0.002 0.60 0.00 Herbertpur (Dehradun; 10,106) 3,855 0.001 0.44 0.00 Mussoori (Dehradun; 28,505) 1,652 0.004 1.25 0.01 Pratitnagar (Dehradun; 7,739) 4,334 0.001 0.34 0.00 Veerbhadra (Dehradun; 14,511) 3,052 0.002 0.64 0.01 Dehradun (Dehradun; 489,653) 73 0.064 21.52 0.17 Clement Town (Dehradun; 21,469) 2,204 0.003 0.94 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - Uttaranchal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Lansdowne (Garhwal; 8,640) 4,159 0.001 0.38 0.00 Srinagar (Garhwal; 21,717) 2,174 0.003 0.95 0.01 Kotdwara (Garhwal; 27,773) 1,687 0.004 1.22 0.01 Pauri (Garhwal; 27,054) 1,735 0.004 1.19 0.01 Kashirampur (Garhwal; 9,877) 3,913 0.001 0.43 0.00 Manglaur (Hardwar; 46,780) 1,023 0.006 2.06 0.02 Hardwar (Hardwar; 191,363) 211 0.025 8.41 0.07 Bharat Heavy Electrical Ltd. (Hardwar; 47,294) 1,010 0.006 2.08 0.02 Laksar (Hardwar; 19,944) 2,367 0.003 0.88 0.01 Roorkee (Hardwar; 106,134) 411 0.014 4.67 0.04 Jhabrera (Hardwar; 10,254) 3,818 0.001 0.45 0.00 Mohanpur Mohammadpur (Hardwar; 9,513) 3,993 0.001 0.42 0.00 Dhandera (Hardwar; 16,726) 2,751 0.002 0.74 0.01 Landaura (Hardwar; 17,519) 2,647 0.002 0.77 0.01 Haldwani-cum-Kathgodam (Nainital; 141,207) 302 0.019 6.21 0.05 Nainital (Nainital; 42,162) 1,137 0.006 1.85 0.01 Ramnagar (Nainital; 51,500) 915 0.007 2.26 0.02 Pithoragarh (Pithoragarh; 45,003) 1,068 0.006 1.98 0.02 Dhaluwala (Tehri Garhwal; 12,253) 3,423 0.002 0.54 0.00 Tehri (Tehri Garhwal; 27,801) 1,683 0.004 1.22 0.01 Muni Ki Reti (Tehri Garhwal; 8,615) 4,162 0.001 0.38 0.00 Bajpur (Udham Singh Nagar; 23,817) 1,968 0.003 1.05 0.01 Sultanpur (Udham Singh Nagar; 8,434) 4,193 0.001 0.37 0.00 Bandia (Udham Singh Nagar; 9,728) 3,936 0.001 0.43 0.00 Sitarganj (Udham Singh Nagar; 23,993) 1,949 0.003 1.05 0.01 Rudrapur (Udham Singh Nagar; 97,010) 458 0.013 4.26 0.03 Kichha (Udham Singh Nagar; 33,369) 1,401 0.004 1.47 0.01 Kela Khera (Udham Singh Nagar; 8,510) 4,180 0.001 0.37 0.00 Dineshpur (Udham Singh Nagar; 9,684) 3,944 0.001 0.43 0.00 Kashipur (Udham Singh Nagar; 101,666) 432 0.013 4.47 0.04 Gadarpur (Udham Singh Nagar; 14,912) 3,003 0.002 0.66 0.01 Nagla (Udham Singh Nagar; 25,088) 1,860 0.003 1.10 0.01 Jaspur (Udham Singh Nagar; 42,697) 1,121 0.006 1.88 0.01 Mahua Kheraganj (Udham Singh Nagar; 9,687) 3,943 0.001 0.43 0.00 Khatima (Udham Singh Nagar; 15,722) 2,888 0.002 0.69 0.01 Uttarkashi (Uttarkashi; 17,736) 2,624 0.002 0.78 0.01 Others (N/A; 117,360) 30,000 0.015 5.16 0.04 Total 0.300 100.00 0.80 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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37 WEST BENGAL 37.1 LATENT DEMAND BY YEAR - WEST BENGAL

The Latent Demand for Depilatories in West Bengal: 2004 - 2014 Year US $ mln % of India _________________________________________________________________________________________________________ 2004 1.785 7.64 2005 1.974 7.68 2006 2.182 7.71 2007 2.413 7.75 2008 2.666 7.78 2009 2.934 7.81 2010 3.227 7.84 2011 3.550 7.86 2012 3.906 7.88 2013 4.296 7.90 2014 4.726 7.92 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

West Bengal - Top Cities: Depilatories in 2009

Kolkata

Haora

Durgapur

Asansol

Others

The Latent Demand for Depilatories in India and West Bengal: 2009

West BengalIndia

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37.2 CITIES SORTED BY RANK - WEST BENGAL West Bengal - Cities Sorted by Rank: Depilatories in 2009

City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kolkata (4,920,397) 4 0.605 20.62 1.61 Haora (1,083,545) 28 0.133 4.54 0.35 Durgapur (529,574) 71 0.065 2.22 0.17 Asansol (522,385) 75 0.064 2.19 0.17 Siliguri (505,167) 76 0.062 2.12 0.17 Bhatpara (474,747) 84 0.058 1.99 0.16 South Dumdum (421,246) 93 0.052 1.77 0.14 Maheshtala (418,092) 94 0.051 1.75 0.14 Panihati (374,227) 103 0.046 1.57 0.12 Rajpur Sonarpur (361,348) 106 0.044 1.51 0.12 Kamarhati (337,656) 114 0.042 1.41 0.11 Kulti (311,578) 128 0.038 1.31 0.10 Barddhaman (307,081) 129 0.038 1.29 0.10 Rajarhat Gopalpur (291,946) 141 0.036 1.22 0.10 Bally (280,983) 147 0.035 1.18 0.09 Baranagar (269,209) 149 0.033 1.13 0.09 Barasat (248,692) 162 0.031 1.04 0.08 North Dumdum (236,357) 173 0.029 0.99 0.08 Naihati (231,416) 176 0.028 0.97 0.08 Kharagpur (223,415) 186 0.027 0.94 0.07 Uluberia (217,089) 197 0.027 0.91 0.07 Serampore (212,642) 202 0.026 0.89 0.07 Haldia (183,360) 233 0.023 0.77 0.06 Hugli-Chinsurah (182,829) 234 0.022 0.77 0.06 Bidhan Nagar (180,301) 235 0.022 0.76 0.06 Raiganj (177,481) 244 0.022 0.74 0.06 Chandannagar (174,198) 250 0.021 0.73 0.06 English Bazar (173,427) 251 0.021 0.73 0.06 Baharampur (172,052) 253 0.021 0.72 0.06 Madhyamgram (167,041) 266 0.021 0.70 0.05 Medinipur (164,727) 269 0.020 0.69 0.05 Uttarpara Kotrung (161,348) 276 0.020 0.68 0.05 Barrackpur (155,040) 291 0.019 0.65 0.05 Krishnanagar (149,388) 303 0.018 0.63 0.05 Santipur (148,448) 305 0.018 0.62 0.05 Balurghat (145,571) 313 0.018 0.61 0.05 Jamuria (139,061) 326 0.017 0.58 0.05 Bankura (138,368) 329 0.017 0.58 0.05 Habra (137,169) 332 0.017 0.57 0.04 Kanchrapara (135,475) 335 0.017 0.57 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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West Bengal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Halisahar (133,715) 343 0.016 0.56 0.04 Titagarh (133,413) 344 0.016 0.56 0.04 North Barrackpur (132,688) 346 0.016 0.56 0.04 Raniganj (132,009) 348 0.016 0.55 0.04 Khardaha (124,877) 372 0.015 0.52 0.04 Nabadwip (123,571) 378 0.015 0.52 0.04 Puruliya (122,207) 382 0.015 0.51 0.04 Rishra (121,662) 384 0.015 0.51 0.04 Basirhat (121,513) 385 0.015 0.51 0.04 Ashoknagar Kalyangarh (119,746) 390 0.015 0.50 0.04 Baidyabati (116,261) 402 0.014 0.49 0.04 Darjiling (115,508) 407 0.014 0.48 0.04 Bhadreswar (113,805) 409 0.014 0.48 0.04 Bansberia (112,203) 416 0.014 0.47 0.04 Champdani (110,891) 421 0.014 0.46 0.04 Bangaon (109,691) 427 0.013 0.46 0.04 Dumdum (108,836) 433 0.013 0.46 0.04 Jalpaiguri (107,647) 437 0.013 0.45 0.04 Kharagpur Rly. Settlement (94,893) 506 0.012 0.40 0.03 Chakdaha (93,417) 516 0.011 0.39 0.03 New Barrackpur (89,355) 552 0.011 0.37 0.03 Kalyani (88,067) 560 0.011 0.37 0.03 Contai (83,247) 589 0.010 0.35 0.03 Koch Bihar (82,511) 595 0.010 0.35 0.03 Garulia (81,971) 601 0.010 0.34 0.03 Budge Budge (81,064) 612 0.010 0.34 0.03 Jangipur (79,989) 619 0.010 0.34 0.03 Alipurduar (78,467) 635 0.010 0.33 0.03 Dhulian (78,315) 636 0.010 0.33 0.03 Konnagar (77,569) 647 0.010 0.33 0.03 Katwa (76,883) 653 0.009 0.32 0.03 Ranaghat (73,855) 688 0.009 0.31 0.02 Bolpur (70,531) 717 0.009 0.30 0.02 Old Maldah (67,614) 739 0.008 0.28 0.02 Bishnupur (66,539) 749 0.008 0.28 0.02 Suri (66,405) 751 0.008 0.28 0.02 Arambag (60,293) 826 0.007 0.25 0.02 Gayespur (59,111) 843 0.007 0.25 0.02 Gangarampur (57,521) 867 0.007 0.24 0.02 Jhargram (57,102) 875 0.007 0.24 0.02 Islampur (56,681) 887 0.007 0.24 0.02 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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West Bengal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Kalna (56,047) 901 0.007 0.23 0.02 Ghatal (55,413) 910 0.007 0.23 0.02 Rampurhat (54,364) 927 0.007 0.23 0.02 Kandi (54,080) 932 0.007 0.23 0.02 Phulia (53,983) 935 0.007 0.23 0.02 Bankra (51,994) 976 0.006 0.22 0.02 Kaliaganj (51,174) 996 0.006 0.21 0.02 Baduria (50,936) 1,003 0.006 0.21 0.02 Jiaganj Azimganj (50,732) 1,008 0.006 0.21 0.02 Chittaranjan (49,332) 1,039 0.006 0.21 0.02 Tamluk (49,226) 1,041 0.006 0.21 0.02 Baruipur (48,300) 1,066 0.006 0.20 0.02 Kalimpong (46,169) 1,111 0.006 0.19 0.02 Gobardanga (44,706) 1,153 0.005 0.19 0.01 Kurseong (43,040) 1,185 0.005 0.18 0.01 Sainthia (42,156) 1,212 0.005 0.18 0.01 Jaygaon (41,533) 1,229 0.005 0.17 0.01 Dhupguri (40,817) 1,246 0.005 0.17 0.01 Taki (40,070) 1,263 0.005 0.17 0.01 Diamond Harbour (40,001) 1,265 0.005 0.17 0.01 Murshidabad (39,631) 1,276 0.005 0.17 0.01 Memari (38,876) 1,298 0.005 0.16 0.01 Dinhata (36,848) 1,354 0.005 0.15 0.01 Pujali (36,375) 1,379 0.004 0.15 0.01 Dubrajpur (35,182) 1,427 0.004 0.15 0.01 Aurangabad (34,518) 1,456 0.004 0.14 0.01 Nabagram Colony (34,292) 1,464 0.004 0.14 0.01 Guskara (34,227) 1,466 0.004 0.14 0.01 Paschim Punropara (33,513) 1,505 0.004 0.14 0.01 Tarakeswar (30,269) 1,663 0.004 0.13 0.01 Kankuria (29,403) 1,709 0.004 0.12 0.01 Sonamukhi (29,377) 1,713 0.004 0.12 0.01 Pandua (29,139) 1,725 0.004 0.12 0.01 Mainaguri (29,096) 1,729 0.004 0.12 0.01 Birnagar (28,569) 1,759 0.004 0.12 0.01 Sankrail (27,489) 1,815 0.003 0.12 0.01 Beldanga (27,243) 1,830 0.003 0.11 0.01 Egra (27,048) 1,844 0.003 0.11 0.01 Kajora (26,807) 1,866 0.003 0.11 0.01 Chakapara (26,008) 1,926 0.003 0.11 0.01 Kolaghat (25,466) 1,970 0.003 0.11 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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West Bengal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Jaynagar Mazilpur (25,049) 2,001 0.003 0.10 0.01 Mal (24,934) 2,015 0.003 0.10 0.01 Kalara (24,845) 2,023 0.003 0.10 0.01 Dainhat (24,269) 2,066 0.003 0.10 0.01 Nibra (23,942) 2,094 0.003 0.10 0.01 Hindusthan Cables Town (23,796) 2,110 0.003 0.10 0.01 Panchla (23,726) 2,116 0.003 0.10 0.01 Adra (23,665) 2,121 0.003 0.10 0.01 Barrackpur Cantonment (23,647) 2,123 0.003 0.10 0.01 Balarampur (23,443) 2,152 0.003 0.10 0.01 Raghunathpur (23,430) 2,154 0.003 0.10 0.01 Farrakka Barrage Township (23,411) 2,156 0.003 0.10 0.01 Sarenga (23,225) 2,181 0.003 0.10 0.01 Mathabhanga (22,676) 2,231 0.003 0.10 0.01 Monoharpur (22,370) 2,261 0.003 0.09 0.01 Jagadanandapur (21,989) 2,303 0.003 0.09 0.01 Chandrakona (21,914) 2,311 0.003 0.09 0.01 Uttar Raypur (21,894) 2,312 0.003 0.09 0.01 Chata Kalikapur (21,577) 2,349 0.003 0.09 0.01 Taherpur (21,548) 2,351 0.003 0.09 0.01 Arra (21,388) 2,366 0.003 0.09 0.01 Nebadhai Duttapukur (21,357) 2,368 0.003 0.09 0.01 Ukhra (21,342) 2,371 0.003 0.09 0.01 Birlapur (21,301) 2,379 0.003 0.09 0.01 Khagrabari (21,228) 2,386 0.003 0.09 0.01 Singur (20,989) 2,412 0.003 0.09 0.01 Ondal (20,951) 2,421 0.003 0.09 0.01 Aistala (20,866) 2,433 0.003 0.09 0.01 Tufanganj (20,724) 2,445 0.003 0.09 0.01 Manikpur (20,544) 2,457 0.003 0.09 0.01 Guriahati (20,298) 2,486 0.002 0.09 0.01 Falakata (20,196) 2,499 0.002 0.08 0.01 Dhuilya (19,764) 2,534 0.002 0.08 0.01 Jhalda (19,196) 2,595 0.002 0.08 0.01 Cooper's Camp (19,072) 2,616 0.002 0.08 0.01 Srirampur (19,029) 2,621 0.002 0.08 0.01 Mrigala (18,975) 2,627 0.002 0.08 0.01 Ramjibanpur (18,651) 2,665 0.002 0.08 0.01 Domjur (18,070) 2,730 0.002 0.08 0.01 Podara (18,053) 2,736 0.002 0.08 0.01 Anksa (17,754) 2,768 0.002 0.07 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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West Bengal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Bahula (17,471) 2,804 0.002 0.07 0.01 Jhorhat (17,319) 2,829 0.002 0.07 0.01 Alipurduar Rly.Jnc. (17,074) 2,862 0.002 0.07 0.01 Uttar Bagdogra (16,942) 2,878 0.002 0.07 0.01 Sahajadpur (16,886) 2,884 0.002 0.07 0.01 Mahiari (16,566) 2,918 0.002 0.07 0.01 Talbandha (16,363) 2,947 0.002 0.07 0.01 Panchpara (16,197) 2,974 0.002 0.07 0.01 Dalurband (16,089) 2,992 0.002 0.07 0.01 Kshirpai (15,624) 3,043 0.002 0.07 0.01 Kenda (15,594) 3,046 0.002 0.07 0.01 Uttar Latabari (15,519) 3,056 0.002 0.07 0.01 Banarhat Tea Garden (15,502) 3,062 0.002 0.06 0.01 Jemari (15,132) 3,111 0.002 0.06 0.00 Jafarpur (15,073) 3,122 0.002 0.06 0.00 Kaugachhi (14,936) 3,141 0.002 0.06 0.00 Dalkhola (14,922) 3,145 0.002 0.06 0.00 Patulia (14,851) 3,153 0.002 0.06 0.00 Cart Road (14,718) 3,165 0.002 0.06 0.00 Simla (14,643) 3,179 0.002 0.06 0.00 Khandra (14,491) 3,201 0.002 0.06 0.00 Paschim Jitpur (14,382) 3,214 0.002 0.06 0.00 Haldibari (14,147) 3,258 0.002 0.06 0.00 Kulihanda (14,019) 3,274 0.002 0.06 0.00 Chhora (13,792) 3,317 0.002 0.06 0.00 Jagadishpur (13,778) 3,322 0.002 0.06 0.00 Dignala (13,438) 3,369 0.002 0.06 0.00 Balichak (13,112) 3,428 0.002 0.05 0.00 Dhusaripara (13,016) 3,450 0.002 0.05 0.00 Madanpur (12,921) 3,461 0.002 0.05 0.00 Bikihakola (12,784) 3,487 0.002 0.05 0.00 Raghudebbati (12,759) 3,493 0.002 0.05 0.00 Sukdal (12,659) 3,514 0.002 0.05 0.00 Salap (12,631) 3,520 0.002 0.05 0.00 Banupur (12,509) 3,545 0.002 0.05 0.00 Kharar (12,439) 3,558 0.002 0.05 0.00 Barjora (12,363) 3,569 0.002 0.05 0.00 Dakshin Jhapardaha (12,288) 3,579 0.002 0.05 0.00 Dafahat (12,163) 3,603 0.001 0.05 0.00 Chak Kashipur (11,983) 3,639 0.001 0.05 0.00 Parashkol (11,804) 3,670 0.001 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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West Bengal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Mekliganj (11,637) 3,695 0.001 0.05 0.00 Ruiya (11,497) 3,717 0.001 0.05 0.00 Nasra (11,343) 3,744 0.001 0.05 0.00 Uttar Kamakhyaguri (11,326) 3,747 0.001 0.05 0.00 Kesabpur (11,124) 3,783 0.001 0.05 0.00 Ichhapur Defence Estate (11,116) 3,786 0.001 0.05 0.00 Chak Bankola (11,084) 3,796 0.001 0.05 0.00 Chachanda (11,064) 3,801 0.001 0.05 0.00 Bowali (10,957) 3,826 0.001 0.05 0.00 Kanyanagar (10,949) 3,829 0.001 0.05 0.00 Kasim Bazar (10,930) 3,837 0.001 0.05 0.00 Bholar Dabri (10,753) 3,874 0.001 0.05 0.00 Anup Nagar (10,701) 3,885 0.001 0.04 0.00 Srikantabati (10,631) 3,900 0.001 0.04 0.00 Kasba (10,572) 3,915 0.001 0.04 0.00 Muragachha (10,516) 3,923 0.001 0.04 0.00 Dhatrigram (10,322) 3,956 0.001 0.04 0.00 Baruihuda (10,285) 3,969 0.001 0.04 0.00 Begampur (10,253) 3,974 0.001 0.04 0.00 Argari (10,232) 3,979 0.001 0.04 0.00 Maslandapur (10,212) 3,986 0.001 0.04 0.00 Jagtaj (10,104) 4,010 0.001 0.04 0.00 Dakshin Rajyadharpur (9,993) 4,031 0.001 0.04 0.00 Guma (9,987) 4,032 0.001 0.04 0.00 Mirik (9,860) 4,053 0.001 0.04 0.00 Debipur (9,791) 4,067 0.001 0.04 0.00 Karimpur (9,743) 4,070 0.001 0.04 0.00 Kshidirpur (9,738) 4,071 0.001 0.04 0.00 Ramchandrapur (9,683) 4,080 0.001 0.04 0.00 Bipra Noapara (9,663) 4,082 0.001 0.04 0.00 Beldubi (9,649) 4,087 0.001 0.04 0.00 Sarpi (9,557) 4,101 0.001 0.04 0.00 Chandpur (9,499) 4,114 0.001 0.04 0.00 Dhakuria (9,498) 4,115 0.001 0.04 0.00 Bagnan (9,430) 4,129 0.001 0.04 0.00 Gairkata (9,359) 4,138 0.001 0.04 0.00 Parasia (9,328) 4,144 0.001 0.04 0.00 Khalor (9,312) 4,148 0.001 0.04 0.00 Chamrail (9,189) 4,170 0.001 0.04 0.00 Harharia Chak (9,061) 4,189 0.001 0.04 0.00 Harishpur (9,024) 4,195 0.001 0.04 0.00 Satigachha (9,023) 4,196 0.001 0.04 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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West Bengal - Cities Sorted by Rank: Depilatories in 2009 City (population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Ahmadpur (9,020) 4,197 0.001 0.04 0.00 Chikrand (8,972) 4,209 0.001 0.04 0.00 Siduli (8,960) 4,210 0.001 0.04 0.00 Bahirgram (8,903) 4,223 0.001 0.04 0.00 Konardihi (8,860) 4,235 0.001 0.04 0.00 Deuli (8,771) 4,243 0.001 0.04 0.00 Kodalia (8,667) 4,257 0.001 0.04 0.00 Chelad (8,487) 4,296 0.001 0.04 0.00 Murgathaul (8,456) 4,303 0.001 0.04 0.00 Parbbatipur (8,414) 4,310 0.001 0.04 0.00 Ankurhati (8,365) 4,316 0.001 0.04 0.00 Bilpahari (8,364) 4,317 0.001 0.04 0.00 Darappur (8,306) 4,329 0.001 0.03 0.00 Bhanowara (8,306) 4,330 0.001 0.03 0.00 Gora Bazar (8,286) 4,335 0.001 0.03 0.00 Pangachhiya (8,237) 4,344 0.001 0.03 0.00 Amtala (8,163) 4,360 0.001 0.03 0.00 Barabazar (8,134) 4,366 0.001 0.03 0.00 Others (636,541) 30,000 0.078 2.67 0.21 Total 2.934 100.00 7.81 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

37.3 CITIES SORTED BY DISTRICT - WEST BENGAL City by District - West Bengal: Depilatories in 2009, US $ mln

City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Barjora (Bankura; 12,363) 3,569 0.002 0.05 0.00 Bankura (Bankura; 138,368) 329 0.017 0.58 0.05 Bishnupur (Bankura; 66,539) 749 0.008 0.28 0.02 Sonamukhi (Bankura; 29,377) 1,713 0.004 0.12 0.01 Harishpur (Barddhaman; 9,024) 4,195 0.001 0.04 0.00 Kulti (Barddhaman; 311,578) 128 0.038 1.31 0.10 Katwa (Barddhaman; 76,883) 653 0.009 0.32 0.03 Kenda (Barddhaman; 15,594) 3,046 0.002 0.07 0.01 Khandra (Barddhaman; 14,491) 3,201 0.002 0.06 0.00 Memari (Barddhaman; 38,876) 1,298 0.005 0.16 0.01 Ondal (Barddhaman; 20,951) 2,421 0.003 0.09 0.01 Konardihi (Barddhaman; 8,860) 4,235 0.001 0.04 0.00 Parashkol (Barddhaman; 11,804) 3,670 0.001 0.05 0.00 Jemari (Barddhaman; 4,152) 3,111 0.002 0.06 0.00 Parasia (Barddhaman; 9,328) 4,144 0.001 0.04 0.00 Raniganj (Barddhaman; 132,009) 348 0.016 0.55 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - West Bengal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Barddhaman (Barddhaman; 307,081) 129 0.038 1.29 0.10 Sarpi (Barddhaman; 9,557) 4,101 0.001 0.04 0.00 Ukhra (Barddhaman; 21,342) 2,371 0.003 0.09 0.01 Pangachhiya (Barddhaman; 8,237) 4,344 0.001 0.03 0.00 Debipur (Barddhaman; 9,791) 4,067 0.001 0.04 0.00 Hindusthan Cables Town (Barddhaman; 23,796) 2,110 0.003 0.10 0.01 Jamuria (Barddhaman; 139,061) 326 0.017 0.58 0.05 Durgapur (Barddhaman; 529,574) 71 0.065 2.22 0.17 Bilpahari (Barddhaman; 8,364) 4,317 0.001 0.04 0.00 Dignala (Barddhaman; 13,438) 3,369 0.002 0.06 0.00 Chak Bankola (Barddhaman; 11,084) 3,796 0.001 0.05 0.00 Kalna (Barddhaman; 56,047) 901 0.007 0.23 0.02 Dalurband (Barddhaman; 16,089) 2,992 0.002 0.07 0.01 Bahula (Barddhaman; 17,471) 2,804 0.002 0.07 0.01 Dhatrigram (Barddhaman; 10,322) 3,956 0.001 0.04 0.00 Chittaranjan (Barddhaman; 49,332) 1,039 0.006 0.21 0.02 Chhora (Barddhaman; 13,792) 3,317 0.002 0.06 0.00 Guskara (Barddhaman; 34,227) 1,466 0.004 0.14 0.01 Chelad (Barddhaman; 8,487) 4,296 0.001 0.04 0.00 Bhanowara (Barddhaman; 8,306) 4,330 0.001 0.03 0.00 Kajora (Barddhaman; 26,807) 1,866 0.003 0.11 0.01 Dainhat (Barddhaman; 24,269) 2,066 0.003 0.10 0.01 Srirampur (Barddhaman; 19,029) 2,621 0.002 0.08 0.01 Siduli (Barddhaman; 8,960) 4,210 0.001 0.04 0.00 Murgathaul (Barddhaman; 8,456) 4,303 0.001 0.04 0.00 Asansol (Barddhaman; 522,385) 75 0.064 2.19 0.17 Sukdal (Barddhaman; 12,659) 3,514 0.002 0.05 0.00 Anksa (Barddhaman; 17,754) 2,768 0.002 0.07 0.01 Sainthia (Birbhum; 42,156) 1,212 0.005 0.18 0.01 Rampurhat (Birbhum; 54,364) 927 0.007 0.23 0.02 Bolpur (Birbhum; 70,531) 717 0.009 0.30 0.02 Dubrajpur (Birbhum; 35,182) 1,427 0.004 0.15 0.01 Ahmadpur (Birbhum; 9,020) 4,197 0.001 0.04 0.00 Suri (Birbhum; 66,405) 751 0.008 0.28 0.02 Gangarampur (Dakshin Dinajpur; 57,521) 867 0.007 0.24 0.02 Balurghat (Dakshin Dinajpur; 145,571) 313 0.018 0.61 0.05 Kurseong (Darjiling; 43,040) 1,185 0.005 0.18 0.01 Darjiling (Darjiling; 115,508) 407 0.014 0.48 0.04 Mirik (Darjiling; 9,860) 4,053 0.001 0.04 0.00 Kalimpong (Darjiling; 46,169) 1,111 0.006 0.19 0.02 Uttar Bagdogra (Darjiling; 16,942) 2,878 0.002 0.07 0.01 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - West Bengal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Cart Road (Darjiling; 14,718) 3,165 0.002 0.06 0.00 Siliguri (Darjiling and Jalpaiguri; 505,167) 76 0.062 2.12 0.17 Chamrail (Haora; 9,189) 4,170 0.001 0.04 0.00 Chakapara (Haora; 26,008) 1,926 0.003 0.11 0.01 Kesabpur (Haora; 11,124) 3,783 0.001 0.05 0.00 Raghudebbati (Haora; 12,759) 3,493 0.002 0.05 0.00 Khalor (Haora; 9,312) 4,148 0.001 0.04 0.00 Nibra (Haora; 23,942) 2,094 0.003 0.10 0.01 Beldubi (Haora; 9,649) 4,087 0.001 0.04 0.00 Kalara (Haora; 24,845) 2,023 0.003 0.10 0.01 Jhorhat (Haora; 17,319) 2,829 0.002 0.07 0.01 Podara (Haora; 18,053) 2,736 0.002 0.08 0.01 Argari (Haora; 10,232) 3,979 0.001 0.04 0.00 Ramchandrapur (Haora; 9,683) 4,080 0.001 0.04 0.00 Dhuilya (Haora; 19,764) 2,534 0.002 0.08 0.01 Mahiari (Haora; 16,566) 2,918 0.002 0.07 0.01 Ankurhati (Haora; 8,365) 4,316 0.001 0.04 0.00 Domjur (Haora; 18,070) 2,730 0.002 0.08 0.01 Bipra Noapara (Haora; 9,663) 4,082 0.001 0.04 0.00 Bikihakola (Haora; 12,784) 3,487 0.002 0.05 0.00 Banupur (Haora; 12,509) 3,545 0.002 0.05 0.00 Bankra (Haora; 51,994) 976 0.006 0.22 0.02 Bally (Haora; 99,799) 147 0.035 1.18 0.09 Jagadishpur (Haora; 13,778) 3,322 0.002 0.06 0.00 Haora (Haora; 1,083,545) 28 0.133 4.54 0.35 Dakshin Jhapardaha (Haora; 12,288) 3,579 0.002 0.05 0.00 Panchla (Haora; 23,726) 2,116 0.003 0.10 0.01 Salap (Haora; 12,631) 3,520 0.002 0.05 0.00 Sankrail (Haora; 27,489) 1,815 0.003 0.12 0.01 Sarenga (Haora; 23,225) 2,181 0.003 0.10 0.01 Panchpara (Haora; 16,197) 2,974 0.002 0.07 0.01 Bagnan (Haora; 9,430) 4,129 0.001 0.04 0.00 Uluberia (Haora; 217,089) 197 0.027 0.91 0.07 Manikpur (Haora; 20,544) 2,457 0.003 0.09 0.01 Nabagram Colony (Hugli; 34,292) 1,464 0.004 0.14 0.01 Mrigala (Hugli; 18,975) 2,627 0.002 0.08 0.01 Hugli-Chinsurah (Hugli; 182,829) 234 0.022 0.77 0.06 Begampur (Hugli; 10,253) 3,974 0.001 0.04 0.00 Rishra (Hugli; 13,132) 384 0.015 0.51 0.04 Pandua (Hugli; 29,139) 1,725 0.004 0.12 0.01 Baidyabati (Hugli; 116,261) 402 0.014 0.49 0.04 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - West Bengal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Tarakeswar (Hugli; 30,269) 1,663 0.004 0.13 0.01 Chandannagar (Hugli; 174,198) 250 0.021 0.73 0.06 Kodalia (Hugli; 8,667) 4,257 0.001 0.04 0.00 Arambag (Hugli; 60,293) 826 0.007 0.25 0.02 Raghunathpur (Hugli; 8,589) 2,154 0.003 0.10 0.01 Chikrand (Hugli; 8,972) 4,209 0.001 0.04 0.00 Champdani (Hugli; 110,891) 421 0.014 0.46 0.04 Serampore (Hugli; 212,642) 202 0.026 0.89 0.07 Uttarpara Kotrung (Hugli; 161,348) 276 0.020 0.68 0.05 Dakshin Rajyadharpur (Hugli; 9,993) 4,031 0.001 0.04 0.00 Simla (Hugli; 14,643) 3,179 0.002 0.06 0.00 Singur (Hugli; 20,989) 2,412 0.003 0.09 0.01 Bansberia (Hugli; 112,203) 416 0.014 0.47 0.04 Monoharpur (Hugli; 22,370) 2,261 0.003 0.09 0.01 Kulihanda (Hugli; 14,019) 3,274 0.002 0.06 0.00 Konnagar (Hugli; 77,569) 647 0.010 0.33 0.03 Bhadreswar (Hugli; 113,805) 409 0.014 0.48 0.04 Uttar Kamakhyaguri (Jalpaiguri; 11,326) 3,747 0.001 0.05 0.00 Gairkata (Jalpaiguri; 9,359) 4,138 0.001 0.04 0.00 Jaygaon (Jalpaiguri; 41,533) 1,229 0.005 0.17 0.01 Alipurduar (Jalpaiguri; 78,467) 635 0.010 0.33 0.03 Falakata (Jalpaiguri; 20,196) 2,499 0.002 0.08 0.01 Banarhat Tea Garden (Jalpaiguri; 15,502) 3,062 0.002 0.06 0.01 Jalpaiguri (Jalpaiguri; 107,647) 437 0.013 0.45 0.04 Mal (Jalpaiguri; 24,934) 2,015 0.003 0.10 0.01 Bholar Dabri (Jalpaiguri; 10,753) 3,874 0.001 0.05 0.00 Paschim Jitpur (Jalpaiguri; 14,382) 3,214 0.002 0.06 0.00 Uttar Latabari (Jalpaiguri; 15,519) 3,056 0.002 0.07 0.01 Dhupguri (Jalpaiguri; 40,817) 1,246 0.005 0.17 0.01 Mainaguri (Jalpaiguri; 29,096) 1,729 0.004 0.12 0.01 Alipurduar Rly.Jnc. (Jalpaiguri; 17,074) 2,862 0.002 0.07 0.01 Haldibari (Koch Bihar; 14,147) 3,258 0.002 0.06 0.00 Mekliganj (Koch Bihar; 11,637) 3,695 0.001 0.05 0.00 Guriahati (Koch Bihar; 20,298) 2,486 0.002 0.09 0.01 Khagrabari (Koch Bihar; 21,228) 2,386 0.003 0.09 0.01 Dinhata (Koch Bihar; 36,848) 1,354 0.005 0.15 0.01 Koch Bihar (Koch Bihar; 82,511) 595 0.010 0.35 0.03 Mathabhanga (Koch Bihar; 22,676) 2,231 0.003 0.10 0.01 Tufanganj (Koch Bihar; 20,724) 2,445 0.003 0.09 0.01 Kolkata (Kolkata; 4,920,397) 4 0.605 20.62 1.61 English Bazar (Maldah; 173,427) 251 0.021 0.73 0.06 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - West Bengal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Old Maldah (Maldah; 67,614) 739 0.008 0.28 0.02 Contai (Medinipur; 83,247) 589 0.010 0.35 0.03 Medinipur (Medinipur; 164,727) 269 0.020 0.69 0.05 Kolaghat (Medinipur; 25,466) 1,970 0.003 0.11 0.01 Balichak (Medinipur; 13,112) 3,428 0.002 0.05 0.00 Kharar (Medinipur; 12,439) 3,558 0.002 0.05 0.00 Kharagpur Rly. Settlement (Medinipur; 94,893) 506 0.012 0.40 0.03 Kharagpur (Medinipur; 223,415) 186 0.027 0.94 0.07 Bahirgram (Medinipur; 8,903) 4,223 0.001 0.04 0.00 Tamluk (Medinipur; 49,226) 1,041 0.006 0.21 0.02 Deuli (Medinipur; 8,771) 4,243 0.001 0.04 0.00 Chandrakona (Medinipur; 21,914) 2,311 0.003 0.09 0.01 Ramjibanpur (Medinipur; 18,651) 2,665 0.002 0.08 0.01 Egra (Medinipur; 27,048) 1,844 0.003 0.11 0.01 Kshirpai (Medinipur; 15,624) 3,043 0.002 0.07 0.01 Ghatal (Medinipur; 55,413) 910 0.007 0.23 0.02 Jhargram (Medinipur; 57,102) 875 0.007 0.24 0.02 Haldia (Medinipur; 183,360) 233 0.023 0.77 0.06 Jagtaj (Murshidabad; 10,104) 4,010 0.001 0.04 0.00 Jangipur (Murshidabad; 79,989) 619 0.010 0.34 0.03 Srikantabati (Murshidabad; 10,631) 3,900 0.001 0.04 0.00 Sahajadpur (Murshidabad; 16,886) 2,884 0.002 0.07 0.01 Harharia Chak (Murshidabad; 9,061) 4,189 0.001 0.04 0.00 Farrakka Barrage Township (Murshidabad; 23,411) 2,156 0.003 0.10 0.01 Jiaganj Azimganj (Murshidabad; 50,732) 1,008 0.006 0.21 0.02 Aurangabad (Murshidabad; 34,518) 1,456 0.004 0.14 0.01 Beldanga (Murshidabad; 27,243) 1,830 0.003 0.11 0.01 Kasim Bazar (Murshidabad; 10,930) 3,837 0.001 0.05 0.00 Kankuria (Murshidabad; 29,403) 1,709 0.004 0.12 0.01 Kandi (Murshidabad; 54,080) 932 0.007 0.23 0.02 Murshidabad (Murshidabad; 39,631) 1,276 0.005 0.17 0.01 Baharampur (Murshidabad; 172,052) 253 0.021 0.72 0.06 Anup Nagar (Murshidabad; 10,701) 3,885 0.001 0.04 0.00 Gora Bazar (Murshidabad; 8,286) 4,335 0.001 0.03 0.00 Dhulian (Murshidabad; 78,315) 636 0.010 0.33 0.03 Chachanda (Murshidabad; 11,064) 3,801 0.001 0.05 0.00 Dhusaripara (Murshidabad; 13,016) 3,450 0.002 0.05 0.00 Paschim Punropara (Murshidabad; 33,513) 1,505 0.004 0.14 0.01 Dafahat (Murshidabad; 12,163) 3,603 0.001 0.05 0.00 Kshidirpur (Nadia; 9,738) 4,071 0.001 0.04 0.00 Madanpur (Nadia; 12,921) 3,461 0.002 0.05 0.00 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - West Bengal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Baruihuda (Nadia; 10,285) 3,969 0.001 0.04 0.00 Jagadanandapur (Nadia; 21,989) 2,303 0.003 0.09 0.01 Phulia (Nadia; 53,983) 935 0.007 0.23 0.02 Cooper's Camp (Nadia; 19,072) 2,616 0.002 0.08 0.01 Taherpur (Nadia; 21,548) 2,351 0.003 0.09 0.01 Karimpur (Nadia; 9,743) 4,070 0.001 0.04 0.00 Kalyani (Nadia; 88,067) 560 0.011 0.37 0.03 Aistala (Nadia; 20,866) 2,433 0.003 0.09 0.01 Nabadwip (Nadia; 123,571) 378 0.015 0.52 0.04 Nasra (Nadia; 11,343) 3,744 0.001 0.05 0.00 Chakdaha (Nadia; 93,417) 516 0.011 0.39 0.03 Gayespur (Nadia; 59,111) 843 0.007 0.25 0.02 Birnagar (Nadia; 28,569) 1,759 0.004 0.12 0.01 Ranaghat (Nadia; 73,855) 688 0.009 0.31 0.02 Krishnanagar (Nadia; 149,388) 303 0.018 0.63 0.05 Satigachha (Nadia; 9,023) 4,196 0.001 0.04 0.00 Parbbatipur (Nadia; 8,414) 4,310 0.001 0.04 0.00 Santipur (Nadia; 148,448) 305 0.018 0.62 0.05 Darappur (Nadia; 8,306) 4,329 0.001 0.03 0.00 Basirhat (North Twentyfour Parganas; 121,513) 385 0.015 0.51 0.04 Dumdum (North Twentyfour Parganas; 108,836) 433 0.013 0.46 0.04 Ashoknagar Kalyangarh (North Twentyfour Parganas; 390 0.015 0.50 0.04 Baduria (North Twentyfour Parganas; 50,936) 1,003 0.006 0.21 0.02 Barrackpur Cantonment (North Twentyfour Parganas; 23,647) 2,123 0.003 0.10 0.01 Barrackpur (North Twentyfour Parganas; 155,040) 291 0.019 0.65 0.05 Chandpur (North Twentyfour Parganas; 9,499) 4,114 0.001 0.04 0.00 Titagarh (North Twentyfour Parganas; 133,413) 344 0.016 0.56 0.04 Talbandha (North Twentyfour Parganas; 16,363) 2,947 0.002 0.07 0.01 Ichhapur Defence Estate (North Twentyfour Parganas; 3,786 0.001 0.05 0.00 Khardaha (North Twentyfour Parganas; 124,877) 372 0.015 0.52 0.04 Kaugachhi (North Twentyfour Parganas; 14,936) 3,141 0.002 0.06 0.00 Madhyamgram (North Twentyfour Parganas; 167,041) 266 0.021 0.70 0.05 Maslandapur (North Twentyfour Parganas; 10,212) 3,986 0.001 0.04 0.00 North Barrackpur (North Twentyfour Parganas; 132,688) 346 0.016 0.56 0.04 North Dumdum (North Twentyfour Parganas; 236,357) 173 0.029 0.99 0.08 Halisahar (North Twentyfour Parganas; 133,715) 343 0.016 0.56 0.04 Ruiya (North Twentyfour Parganas; 11,497) 3,717 0.001 0.05 0.00 Kamarhati (North Twentyfour Parganas; 337,656) 114 0.042 1.41 0.11 Muragachha (North Twentyfour Parganas; 10,516) 3,923 0.001 0.04 0.00 Naihati (North Twentyfour Parganas; 231,416) 176 0.028 0.97 0.08 Nebadhai Duttapukur (North Twentyfour Parganas; 21,357) 2,368 0.003 0.09 0.01 New Barrackpur (North Twentyfour Parganas; 89,355) 552 0.011 0.37 0.03 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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City by District - West Bengal: Depilatories in 2009, US $ mln City (district, population) Rank US $ mln % of State % of India _________________________________________________________________________________________________________ Patulia (North Twentyfour Parganas; 14,851) 3,153 0.002 0.06 0.00 Rajarhat Gopalpur (North Twentyfour Parganas; 291,946) 141 0.036 1.22 0.10 South Dumdum (North Twentyfour Parganas; 421,246) 93 0.052 1.77 0.14 Taki (North Twentyfour Parganas; 40,070) 1,263 0.005 0.17 0.01 Panihati (North Twentyfour Parganas; 374,227) 103 0.046 1.57 0.12 Kanchrapara (North Twentyfour Parganas; 135,475) 335 0.017 0.57 0.04 Jafarpur (North Twentyfour Parganas; 15,073) 3,122 0.002 0.06 0.00 Guma (North Twentyfour Parganas; 9,987) 4,032 0.001 0.04 0.00 Gobardanga (North Twentyfour Parganas; 44,706) 1,153 0.005 0.19 0.01 Habra (North Twentyfour Parganas; 137,169) 332 0.017 0.57 0.04 Barasat (North Twentyfour Parganas; 248,692) 162 0.031 1.04 0.08 Garulia (North Twentyfour Parganas; 81,971) 601 0.010 0.34 0.03 Dhakuria (North Twentyfour Parganas; 9,498) 4,115 0.001 0.04 0.00 Baranagar (North Twentyfour Parganas; 269,209) 149 0.033 1.13 0.09 Bidhan Nagar (North Twentyfour Parganas; 180,301) 235 0.022 0.76 0.06 Bhatpara (North Twentyfour Parganas; 474,747) 84 0.058 1.99 0.16 Bangaon (North Twentyfour Parganas; 109,691) 427 0.013 0.46 0.04 Arra (Puruliya; 21,388) 2,366 0.003 0.09 0.01 Barabazar (Puruliya; 8,134) 4,366 0.001 0.03 0.00 Puruliya (Puruliya; 122,207) 382 0.015 0.51 0.04 Adra (Puruliya; 23,665) 2,121 0.003 0.10 0.01 Jhalda (Puruliya; 19,196) 2,595 0.002 0.08 0.01 Balarampur (South Twentyfour Parganas; 5,059) 2,152 0.003 0.10 0.01 Rajpur Sonarpur (South Twentyfour Parganas; 361,348) 106 0.044 1.51 0.12 Uttar Raypur (South Twentyfour Parganas; 21,894) 2,312 0.003 0.09 0.01 Amtala (South Twentyfour Parganas; 8,163) 4,360 0.001 0.03 0.00 Pujali (South Twentyfour Parganas; 36,375) 1,379 0.004 0.15 0.01 Kanyanagar (South Twentyfour Parganas; 10,949) 3,829 0.001 0.05 0.00 Budge Budge (South Twentyfour Parganas; 81,064) 612 0.010 0.34 0.03 Diamond Harbour (South Twentyfour Parganas; 40,001) 1,265 0.005 0.17 0.01 Baruipur (South Twentyfour Parganas; 48,300) 1,066 0.006 0.20 0.02 Maheshtala (South Twentyfour Parganas; 418,092) 94 0.051 1.75 0.14 Chak Kashipur (South Twentyfour Parganas; 11,983) 3,639 0.001 0.05 0.00 Chata Kalikapur (South Twentyfour Parganas; 21,577) 2,349 0.003 0.09 0.01 Bowali (South Twentyfour Parganas; 10,957) 3,826 0.001 0.05 0.00 Birlapur (South Twentyfour Parganas; 21,301) 2,379 0.003 0.09 0.01 Jaynagar Mazilpur (South Twentyfour Parganas; 25,049) 2,001 0.003 0.10 0.01 Islampur (Uttar Dinajpur; 56,681) 887 0.007 0.24 0.02 Kaliaganj (Uttar Dinajpur; 51,174) 996 0.006 0.21 0.02 Kasba (Uttar Dinajpur; 10,572) 3,915 0.001 0.04 0.00 Dalkhola (Uttar Dinajpur; 14,922) 3,145 0.002 0.06 0.00 Raiganj (Uttar Dinajpur; 177,481) 244 0.022 0.74 0.06 Others (N/A; 636,541) 30,000 0.078 2.67 0.21 Total 2.934 100.00 7.81 _________________________________________________________________________________________________________

Source: Philip M. Parker, INSEAD, copyright 2008, www.icongrouponline.com

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38 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS

38.1 DISCLAIMERS & SAFE HARBOR Summary disclaimer. This publication ("Report") does not constitute legal, valuation, tax, or financial consulting advice. Nor is it a statement on the performance, management capability or future potential (good or bad) of the company(ies), industry(ies), product(s), region(s), city(ies) or state or union territory(ies) discussed. It is offered as an information service to clients, associates, and academicians. Those interested in specific guidance for legal, strategic, and/or financial or accounting matters should seek competent professional assistance from their own advisors.

Information was furnished to ICON Group International, Inc. ("ICON Group"), and its subsidiaries, by its internal researchers and/or extracted from public filings, or sources available within the public domain, including other information providers (e.g. EDGAR filings, national organizations and international organizations). ICON Group does not promise or warrant that we will obtain information from any particular independent source. Published regularly by ICON Group, this and similar reports provide analysis on cities, state or union territory, industries, and/or foreign and domestic companies which may or may not be publicly traded. ICON Group reports are used by various companies and persons including consulting firms, investment officers, pension fund managers, registered representatives, and other financial service professionals. Any commentary, observations or discussion by ICON Group about a state or union territory, city, region, industry or company does not constitute a recommendation to buy or sell company shares or make investment decisions. Further, the financial condition or outlook for each industry, city, state or union territory, or company may change after the date of the publication, and ICON Group does not warrant, promise or represent that it will provide report users with notice of that change, nor will ICON Group promise updates on the information presented.

Safe Harbor for Forward-Looking Statements. ICON Group reports, including the present report, make numerous forward-looking statements which should be treated as such. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995, and similar local laws. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's, city's, state’s, union territory's or industry's actual results or outlook in future periods to differ materially from those forecasted. These risks and uncertainties include, among other things, product price volatility, exchange rate volatility, regulation volatility, product demand volatility, data inaccuracies, computer- or software-generated calculation inaccuracies, market competition, changes in management style, changes in corporate strategy, and risks inherent in international and corporate operations. Forward-looking statements can be identified in statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate,'' "estimate," "expect,'' "project,'' "intend,'' "plan,'' "feel", "think", "hear," "guess," "forecast," "believe," and other words and terms of similar meaning in connection with any discussion of future operating, economic or financial performance. This equally applies to all statements relating to an industry, city, state, union territory, region, economic variable or company financial situation. ICON Group recommends that the reader follow the advice of Nancy M. Smith, Director of SEC's Office of Investor Education and Assistance, who has been quoted to say, "Never, ever, make an investment based solely on what you read in an online newsletter or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn't well known … Assume that the information about these companies is not trustworthy unless you can prove otherwise through your own independent research." Similar recommendations apply to decisions relating to industry studies, product category studies, corporate strategies discussions and state evaluations. In the case of ICON Group reports, many factors can affect the actual outcome of the period discussed, including exchange rate volatility, changes in accounting standards, the lack of oversight or comparability in accounting standards, changes in economic conditions, changes in competition, changes in the global economy, changes in source data quality, changes in reported data quality, changes in methodology and similar factors.

Information Accuracy. Although the statements in this report are derived from or based upon various information sources and/or econometric models that ICON Group believes to be reliable, we do not guarantee their accuracy, reliability, quality, and any such information, or resulting analyses, may be incomplete, rounded, inaccurate or condensed. All estimates included in this report are subject to change without notice. This report is for informational purposes only and is not intended as a recommendation to invest in a city, state, union territory, industry or product area, or an offer or solicitation with respect to the purchase or sale of a security, stock, or financial instrument. This report does not take into account the investment objectives, financial situation or particular needs of any particular person or legal entity. With respect to any specific company, city, state, union territory, region, or industry that might be discussed in this report, investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the information in this report. Investing in either U.S. or non-U.S. securities or markets entails inherent risks. In addition, exchange rate movements may have an effect on the reliability of the estimates provided in this report. ICON Group is not a registered Investment Adviser or a Broker/Dealer.

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38.2 ICON GROUP INTERNATIONAL, INC. USER AGREEMENT PROVISIONS Ownership. User agrees that ICON Group International, Inc. ("ICON Group") and its subsidiaries retain all rights, title and interests, including copyright and other proprietary rights, in this report and all material, including but not limited to text, images, and other multimedia data, provided or made available as part of this report ("Report"). Restrictions on Use. User agrees that it will not copy nor license, sell, transfer, make available or otherwise distribute the Report to any entity or person, except that User may (a) make available to its employees electronic copies of Report, (b) allow its employees to store, manipulate, and reformat Report, and (c) allow its employees to make paper copies of Report, provided that such electronic and paper copies are used solely internally and are not distributed to any third parties. In all cases the User agrees to fully inform and distribute to other internal users all discussions covering the methodology of this Report and the disclaimers and caveats associated with this Report. User shall use its best efforts to stop any unauthorized copying or distribution immediately after such unauthorized use becomes known. The provisions of this paragraph are for the benefit of ICON Group and its information resellers, each of which shall have the right to enforce its rights hereunder directly and on its own behalf. No Warranty. The Report is provided on an "AS IS" basis. ICON GROUP DISCLAIMS ANY AND ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, RELATING TO THIS AGREEMENT, PERFORMANCE UNDER THIS AGREEMENT, THE REPORT. ICON Group makes no warranties regarding the completeness, accuracy or availability of the Report. Limitation of Liability. In no event shall ICON Group, its employees or its agent, resellers and distributors be liable to User or any other person or entity for any direct, indirect, special, exemplary, punitive, or consequential damages, including lost profits, based on breach of warranty, contract, negligence, strict liability or otherwise, arising from the use of the report or under this Agreement or any performance under this Agreement, whether or not they or it had any knowledge, actual or constructive, that such damages might be incurred. Indemnification. User shall indemnify and hold harmless ICON Group and its resellers, distributors and information providers against any claim, damages, loss, liability or expense arising out of User's use of the Report in any way contrary to this Agreement.

© ICON Group International, Inc., 2008. All rights reserved. Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution. Text, graphics, and HTML or other computer code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission. Permission is granted to quote small portions of this report with proper attribution. Media quotations with source attributions are encouraged. Reporters requesting additional information or editorial comments should contact ICON Group via email at [email protected].

Sources: This report was prepared from a variety of sources including excerpts from documents and official reports or databases published by the World Bank, the U.S. Department of Commerce, the U.S. State Department, various national agencies, the International Monetary Fund, the Central Intelligence Agency, the United Nations, and ICON Group International, Inc.

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